HAL's Flight Ready to Take Off ?
Diupdate
This is Daily Timeframe.
Formed bullish belt-hold last day with volume strength. Two bullish candles with no wicks below have formed in last few days.
This can be short term trend reversal point. I'm keeping this stock in my radar.
Thsi post is for information purpose only.
Formed bullish belt-hold last day with volume strength. Two bullish candles with no wicks below have formed in last few days.
This can be short term trend reversal point. I'm keeping this stock in my radar.
Thsi post is for information purpose only.
Catatan
And yes, it was short term trend's reversal point.HAL took rest, consolidated in Sep-Jan. And from Jan, it's in continous uptrend.
Also watch the weekly and monthly timeframe candles.
Thick bullish engulfing after after every stop with breakout.
These candles which are close to/same bullish belt hold was sign of good momentum.
And yes, I wasn't expecting such a hugh bullish move.
But when it formed such a hugh candle on 16th May on weekly timeframe with highest closing, it opened the upside range to resume.
Today, it made high of 2066, i.e. 58% + from 11th Jan level.
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