Panchalk

Breakout, retest and moving up

Long
NSE:HAL   HINDUSTAN AERONAUT
54 views
2
HAL BO from triangle some days ago, retested and now moving up again....HAL is a heavy weight and an important company when it comes to defence category...targets marked. it has moved up 7% today....let us see how this pans out. This is an idea.
Comment: Up 4% today..CMP 1207
Comment: All targets achieved...but i had marked 1353 as target 3 on a separate chart and it has achieved that too...if anyone has followed this idea he would have made some good money...1088 to 1381..a 27% move..
Comment: Whenever there is a retest back to the trend line/channel and then a move up it is usually a profitable move ( nothing is 100%, but 60% is also great)
Comment: stock is up 3.4% ...1420..
Comment: 29.5% move since i posted this chart...today it is up 4%..1464
Comment: Up 7% today...CMP 1544