Discover the latest technical setup for Hindustan Aeronautics Ltd (HAL) with a focus on bullish divergence and the ascending trend line. As we anticipate upcoming news events, explore how these factors could impact HAL’s stock performance and trading strategy.
History rhyming 3 times in a row?
Perfect dragon with bullish divergence, we went long last week as updated in the community.
Perfect trade in terms of risk management, then as always you never know if it will play out.
📊 Script: HAL
📊 Sector: Aerospace & Defence
📊 Industry: Engineering
Key highlights: 💡⚡
📈 Script is trading in between 2821 level to 3132 level.
📈 Breakout is above 3132 level.
📈 One can go for swing trade only above 3132 level.
BUY ONLY ABOVE 3132
⏱️ C.M.P 📑💰- 3115
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a...
Oil has been creeping up lately. Today it triggered a bullish intraday pattern.
This intraday pattern if completes, sets up for a larger bullish daily chart pattern.
If this breakout in oil happens were going to see some energy stocks make moves liek the Semiconductors did today.
Many names like RIG, XOM, HAL, XLE put in daily bottoming tails.
Some energy...
NSE:HAL
2 UP on the quarter but not strong enough to close above Q3 high
inside year = no clear direction
messy 3M chart = neutral and a need to wait for more clues
oil & energy (related) names not the strongest this year, which could mean (more) potential upwards, but need to see price confirm that suggestion first
Analyzing the options chain and the chart patterns of HAL Halliburton Company prior to the earnings report this week,
I would consider purchasing the 42usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $4.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
NYSE:HAL
*I'm already long based on Option flow and money flow and the last 3 months Oil prices before the earning day.
Trend & Moving Averages:
The stock has been on a downward trajectory recently, as evidenced by consistent lower highs and lower lows.
It has been trading below the orange and blue moving averages, reinforcing the bearish trend.
However,...
Oil related equities demonstrate impressive relative strength to the rest of the sectors, occupying 6 out of 10 best performing market groups.
HAL - is one of the best stocks in the energy sector, with impressive consecutive earnings and sales growth 4 qrts in a row and double digits growth in eps estimates.
Beside strong fundamentals, I always look for the...
NSE:HAL HAL has exhibited signs of a breakdown, with the stock breaking below key levels of support and resistance. The daily and weekly charts have both witnessed the breach of a downward trendline. There are two potential price levels to target:
1. The stock may experience a decline from its current level of 1737.
2. If the downward momentum continues, the...
Greetings Folks,
today i have prepared a setup on HAL on NSE
the analysis is as follows
- in a close pattern
- broke out of a micro range
- good support underneath the structure
- broke the previous high with volume
dont play with fire, always use a predefined stoploss
Buy Aug-04-23 38.5 Puts @ 0.35 Limit to Open
Buy Aug-11-23 38 Puts @ 0.55 Limit to Open
On critical resistance on several timeframes. Oscillator lingering overbought, in a coiling form.
NYSE:HAL NASDAQ:PTEN NYSE:VAL NYSE:YPF I hope you can see the pattern. Some are overextended but others are still at good levels
NYSE:WHD
NASDAQ:PTEN
NYSE:HAL
NYSE:OII
NYSE:TDW
Reasoning
Whole Industry is moving!
Consolidation seems done
Correction is not overextended
Good Relative Strength
Great...
HAL being part of the energy/ oil sector has been down lately but after all in keeping
with the concept of buying low and selling high, it may be at a buying point. Here in the 4H
chart, I have set up two long term anchored VWAPs one at the swing pivot high a year ago
and another at a swing pivot low last October. As a result the chart has zones between the...
Technical Analysis Update:
In correlation with the previous Hindustan Aeronautics Ltd post, here are the latest insights for riding the upcoming bear trend:
1. Currently, we are in a crucial 1-hour Key Supply Zone.
2. Typically, supply zones result in rejection. To confirm its effectiveness, we need to observe the 1-hour CHOCH/BOS. Alternatively, we can rely on...
The idea is based on the Elliott Wave Theory. The current price seems to be corrective in structure which suggests another wave Y could unfold driving prices to the previous levels or lower.
Who else is waiting for this breakout to happen?
If it does, a good target would be $125 and I like the odds.
Just look at NYSE:SLB , NYSE:RIG & NYSE:HAL , they have already broke out from there bases.
Look for other stocks within this ETF and you will find good set ups. I'm doing it.
NYSE:WHD & NYSE:NOV are near pivot points.
Haliburton is setting up in a volatility contraction pattern trying to break out higher. There is supply at the $40 level, so I want to buy on a pullback off that level to create a profit cushion in case it fails there again.
There is also a longer-term cup with handle pattern here with $40 being the top of the handle.
Volume is drying up in the base which...
