Technical View: • HAL is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 5,444 on 3-Jun-2024, it has retraced 28% to 3,920 level. • On 6-Jun-2024, HAL has broke out from its secondary down trend with higher than average volume. • Prices are trading above 21 DEMA and 50 DMA. • RSI is trading at 53.63 and MACD is trading at 202.50. • Looking good to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Catatan
18-Jun-2024 --------------- LTP: Rs. 5,533.45 1st target of 5,444 reached. 19% up from suggested level.
Trading ditutup: target tercapai
09-Jul-2024 --------------- Exit Price: Rs. 5,555 19% up from suggested level. Broke the secondary uptrend line as well as previous high. CLOSING THE IDEA.
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