BEARISH Shark On Type 1 Entry Earlier this same Pattern given good reaction & Hit TARGETS
now price is again in PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
price need to BREAKS Trend line then
POTENTIAL SELL
The stock has been in an uptrend and it has formed flag pattern in weekly chart it can continue its momentum and can reach 1175. (personal due diligence advised)
HAL (HINDUSTAN AERONAUTICS LIMITED) IS JUST BEGINING ITS JOURNEY IN MARKET, IT HAS A LONG WAY TO GO. AS INDIA IS SPENDING ON DEFENCE THAN EVER BEFORE AND ALSO INVESTING AND EXPANDING ITS PORTFOLIO , AND STARTED SELLING TO OTHER COUNTRIES, ITS JUS BUDDING SECTOR IN OUR COUNTRY AND CAN UNLEASH THE POTENTIAL IN COMING YEARS... START ADDING FOR LIFE TIME GOALS...
STOCK-HAL touched low of 470 in March-2020 and then recovered and made a high of 1423 on 14th August, but after that there is a profit booking in the stock, now the stock is near its support level of 980, Stock is near to its 38.2% fibonacci retracement level. So as per my analysis buy in the range of 975-980 for the target of 1200 in next 1 Month keep a stop loss...
