HAL has been testing the 1500 levels from last 7 months. It is a good long trade if it closes above 1500 today since it has never given a daily closing above it.
It is a breakout from inverted head and shoulders pattern and target can be 15-20% positionally.
Stoploss can be below 1410 DCB.
Just for educational purpose.
It is a breakout from inverted head and shoulders pattern and target can be 15-20% positionally.
Stoploss can be below 1410 DCB.
Just for educational purpose.
Trade active:
5% achieved in 1 day. Made an high of 1592 on 4th April.
Comment:
What a move. Reached 1750. More than 15% in 2 weeks. Max pain data shows bearish for both April and May suggesting a profit booking from this level.
Trade closed: target reached:
This stock is up by 80% in less than a year!
12% up already in a week for an FNO stock and it might retrace/consolidate now before the next upmove.