HAL Analysis!Double Bottom Pattern with an RSI Divergence in HAL on a Daily Timeframe!
Double Bottom Pattern Formation in NSE:HAL !
Neckline Breakout in HAL!
Analysis:
HAL has made a Double bottom pattern on a daily timeframe after its downtrend so the trend is most likely to change. As we can see price made falling bottoms but RSI has made rising bottoms so there is a clear divergence as I have indicated in the chart. We also can see the optimum volume during the breakout and also the stock is retesting its new support.
Trade Setup:
Refer to the Analysis and make your own decisions as per your Risk to Reward Ratio
Disclaimer:
Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Hindustanaeronauticsltd
Is Hindustan Aeronautics Limited Heading towards 1570?For the past four weeks, I've been expressing my doubts about the current market situation, which appears to be artificial and lacking any clear indications of a bullish target.
Now, let's delve into the technical aspects:
1.Examining the 62-day timeframe chart, we can identify the demand zone, representing the true value of the asset. Conversely, the projected bullish trend that many observe is often referred to as the manipulated value according to technical analysts' terminology.
2.In order to consider a short position, we should closely monitor the 4-day timeframe chart for signs of overbought conditions, indicated by a ratio of 62/15 = 4 days. Check check the chart here
3.Our next move relies on a breakout signal (CHOCH) based on the 4-day timeframe chart, which will validate our decision to initiate a short position. Check here
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Disclaimer : Please remember to consider the timeframe associated with each analysis to avoid any potential misinformation. It's important to note that all predictions I share are for my personal reference and educational purposes only. Any trades inspired by my ideas, whether posted earlier, today, or in the future, involve financial risk for which I will not be held accountable. Thank you for your understanding.
Hindustan Aeronautics Limited: A Massive Dump on the Horizon? Click here to learn why I believe a significant bearish trend is imminent.
1. Clear targets set for a potential significant continuation.
2. Timing of the occurrence remains to be seen.
3. Enter upon price breakout of the indicated key zones.
4. Feel free to comment and share your own technical analysis if you have different perspectives.
5. Keep the discussion logical rather than emotional, as emotions hold no value in trading.
Thank you.
HAL breaks 3461.9 down: 10.52% bearish frenzy ahead!Technical Analysis Highlights:
As discussed in the previous related idea about HAL, there are indications supporting a significant bearish movement.
1. The entry point on the chart occurs when a 16-minute candle closes below 3461.9.
2. I personally implement a trailing stop loss strategy, but feel free to use a stop loss level that you find comfortable.
3. Typically, I adjust my stop loss to break even after booking some profits at the first target, and then patiently wait for the trade to hit the final target.
I hope you find value in my posts. I strive to keep them concise and accessible. If you have any insights, feedback, doubts, or additional information to share, please do so. This creates more learning opportunities for me and enhances our overall understanding.