HAL consolidation Breakout
Updated
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.Note
Today, it has broken 1650 with heavy volumes in morning and made an high of 1693.12% up already in a week for an FNO stock and it might retrace/consolidate now before the next upmove.
Note
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!
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