Hindustan Aeronautics Limited (HAL) - Break Out Opportunity
Diupdate
Date: 23-Aug-2023
Rating: Buy
LTP: Rs. 4031.10
Target: Rs. 4800
Exit Plan: Follow the 7/13/26 DEMA cross down on closing basis.
HAL has given a break out from an Ascending Triangle that has been created since last few sessions. With this it has also break out from it's last known resistance. 7/13/26 DEMA crossover, MACD crossover and RSI above 0 supporting further upward journey and possibility of achieving new highs.
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.
Rating: Buy
LTP: Rs. 4031.10
Target: Rs. 4800
Exit Plan: Follow the 7/13/26 DEMA cross down on closing basis.
HAL has given a break out from an Ascending Triangle that has been created since last few sessions. With this it has also break out from it's last known resistance. 7/13/26 DEMA crossover, MACD crossover and RSI above 0 supporting further upward journey and possibility of achieving new highs.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.
Catatan
DAC approves proposals worth Rs 45,000 crore, including procurement of 12 Su-30MKIs for IAF which will be manufactured in India by HAL.Catatan
Updating target after stock split.<b>Target:</b> Rs. 2400
Catatan
HAL started flying again towards the target.Catatan
Target of 2400 achieved.Next Target: 2600.
Catatan
6-Dec-2023:2nd target of Rs. 2600 reached.
Momentum is still strong. Next Target: Rs. 2915
Catatan
36% up from suggested level.Catatan
4-Jan-2024:3rd target of Rs. 2915 reached.
LTP Rs. 2904.25. Up by 44% from suggested level.
Momentum is still strong.
NEXT TARGET: Rs. 3111
Trading ditutup: target tercapai
Closing this idea.Refer to latest HAL idea published with updated chart and targets. Link given below.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.