Hindustan Aeronaut Limited: CMP : 4476.85; RSI: 59.24
HAL has completed Intermediate wave-4 correction, and bottomed out at 200 DEMA, motive wave-5 may take the HAL price to 5500-5600 levels, making it a good candidate to accumulate for a swing trade.
Swing Trade Target 1 : 5500-5600
Next Resistance HAL: 4562-4704-4934
Stop-loss: 4100;
✅ For more trading ideas like this, please like, share, and follow my Idea Stream ✅
HAL has completed Intermediate wave-4 correction, and bottomed out at 200 DEMA, motive wave-5 may take the HAL price to 5500-5600 levels, making it a good candidate to accumulate for a swing trade.
Swing Trade Target 1 : 5500-5600
Next Resistance HAL: 4562-4704-4934
Stop-loss: 4100;
✅ For more trading ideas like this, please like, share, and follow my Idea Stream ✅
Trade active
Good time to accumulate the Script, HAL has again taken support at 200DEMA. Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.