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.
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
HAL Buy for intraday trading if stock breaks the given resistance level.........
NSE:HAL Looks very weak in all higher time frames. 1] At Monthly time frame it is a clear Bearish engulfing pattern. 2] At Weekly time frame it is having a head and shoulder pattern. 3] At Daily time frame it is clearly completed a head and shoulder pattern. The volumes are dried during the phase of H&S and started to pick heavily during down days. 4] Neckline...
Taking support from long term trendline. Expected to give good bounce from trendline. Can add at CMP or any dip for a target of 3000-3200 with sl of 2300 Fundamentally good company.
Hindustan Aeronautics Limited trading in an uptrend movement on a daily time frame. It took a support from Fibonacci Golden Reversal Zone, With a Bullish Engulfing Candlestick (bullish reversal candlestick). Which indicates the entry of major buyers in the stock and indicates the starting of a new primary trend. Market is expected to remain bullish for few...
Red boxes keep the price down, whereas blue and Green one's keep the price up. For price to resume uptrend, the immediate red box must be broken for scenario 1 to prevail else scenario 2.
HAL has reversed trend on 15 min time interval wait for 2475 to cross and sustain at that level on for 15-20 min before takin trade on long side for a TGT of 2500.
HAL CMP 2644 SL 2550 Target 2800++ Above new high Swing/Positioanal
HAL BULLISH VIEW CMP 2778 SL 2720 below TARGET 2850++ Swing/Positional
Hal breakout and retest Hal breakout with good volume both price action and our our indicator setup on bull move volume and trend setup for additional confirmation all levels share here for educational purpose.we are not sebi registered
Previous uptrend Cup breakout Above average volume Elliot oscillator green Stochastic bar > 80 with black bar on top Due to very long bar on 16 November i prefer to wait.
HAL has broken channel resistance and all time high point resistance in single day. Looks more bullish. Trade with SL and Trail your SL for good-RRR.
HAL has given a break out from its range bound zone expecting further upmove as it has given a breakout and buying happened with Good volumes.
HAL is on the verge of breaking out of ascending triangle, also at an level which got rejected 7 times in last 30 trading sessions, if it breaks above 2530 & sustains even for a minute then it ll skyrocket in no time. Best thing about this trade is very good Risk:Reward Ratio. Even if it opens gap up of 10-15 points buy without any hesistation with...
educational purpose only HAL #HAL Hindustan Aeronautics Ltd Hindustan Aeronautics Ltd
HAL broke above triangle on hourly chart but couldnt sustain above breakout as overall market is weak, its still a buy as its trading above yesterday's low. So, buy HAL here @ 2475 or on dip till 2455-2460 with mentioned stoploss & target.
Added Parallel channel for HAL Weekly channel. Keep a tab for exits from here