HAL looking very weakNSE:HAL HAL has exhibited signs of a breakdown, with the stock breaking below key levels of support and resistance. The daily and weekly charts have both witnessed the breach of a downward trendline. There are two potential price levels to target:
1. The stock may experience a decline from its current level of 1737.
2. If the downward momentum continues, the stock could potentially reach levels between 1585 and 1520.
This statement offers a clearer and more concise description of the stock's current situation and potential price movement.
Please be aware that the stock market can be highly volatile, and stock prices can fluctuate rapidly. It's essential to do your own research or consult a financial advisor to make informed investment decisions. Always consider factors like market conditions, company fundamentals, and recent news when setting your trading strategy.
Also, keep in mind that the stock market involves risks, and there's no guarantee that HAL stock will reach your target price or avoid your stop-loss level. Make sure you are comfortable with the risks involved and never invest money you can't afford to lose.
Hindustanaeronauticsshort
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
Your valuable feedback is appreciated, and I encourage you to follow and get updates for my daily ideas in the Forex market for the selected currency pairs that I prefer to trade.
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.
Alert: Hindustan Aeronautics Ltd. Anticipates 8.67% DeclineTechnical Analysis Update:
In correlation with the previous Hindustan Aeronautics Ltd post, here are the latest insights for riding the upcoming bear trend:
1. Currently, we are in a crucial 1-hour Key Supply Zone.
2. Typically, supply zones result in rejection. To confirm its effectiveness, we need to observe the 1-hour CHOCH/BOS. Alternatively, we can rely on 1-hour candle closes below the 9 EMA, but with tight stop losses. Keep in mind that the CHOCH/BOS has a higher success rate. You can adjust your stop loss above this level based on your risk management strategy.
3. Personally, I prefer riding the one-minute CHOCH/BOS with stop losses based on the respective Supply & Demand zones. However, this approach is risky without professional guidance. Feel free to ask for dynamic stop loss and target information in the comments or other platforms that suit your convenience.
4. As discussed in the previous post, the key breakout has changed due to recent trading activity. Although the current move may not be as smooth, the bears remain still dominant. I will provide updates on the new key breakout to capture a 12.7% bearish move. For now, focus on the current situation.
5. Exit strategy: If you notice a one-hour candle closing above the red supply zone shown in the picture, it is advisable to exit. However, such a scenario seems unlikely at the moment.
Your support in sharing this post helps strengthen the network and encourages us to provide technical insights for our inclusive growth. Please follow us on our various platforms and share it with others to make a difference.
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.
Unveiling the Astonishing Overvaluation of Hindustan AeronauticDetailed Technical Analysis about the direction of HAL
1. The HAL stock's actual value can be clearly observed on the 62-day chart . To demonstrate the accuracy of my analysis, I utilized the Search Volume Profile (SVP) to highlight the precision of my levels. If you're unfamiliar with SVP, I recommend conducting some research to expand your understanding.
2. What can we expect? : Undoubtedly, a bearish trend is anticipated. However, it's crucial to identify scenarios where the bearish trend may not unfold. Before delving into that, we need to comprehend the concept of the actual value of a stock.
3. The actual value of a stock refers to a state where no institutions have entered the market yet. During this phase, the market typically trades the asset within a specified range, as depicted by a red box or level on the chart.
4. How does price movement occur in the market? : Price movement follows a harmonic pattern around the actual value of the stock that red level, regardless of the asset or the extent of manipulation involved. This holds true before any market pumps or dumps take place. Think of it as a pendulum, with the actual value or high trading zone serving as the neutral point.
5. Under what circumstances might the bearish trend not materialize? : In the case of HAL, a price correction is imminent and unavoidable. The question then arises: how substantial will this correction be? As long as we observe a highly traded zone, which is confirmed by the SVP and illustrated in the image, that remains my target for the bearish trend.
However, this target can potentially change if the market establishes a new highly traded zone. Such an occurrence would cause the price to deviate from its previous value. Essentially, it suggests that the institution responsible for driving up the price may refrain from taking long or short positions in the market for a significant period. Now, one might question what the institution would do with HAL shares if it keeps them. It is likely that the institution intends to profit by shorting the market when it wants to retain the shares and the market shows reluctance to sell.
6. Check this very bearish divergence being formed on 16 days chart Therefore, before offering any bullish feedback or claiming that the price cannot decline, I encourage you to present your reasoning. Share your ideas and charts. I possess knowledge of various indicators, strategies, bots, and algorithms, and I can address any of your concerns within seconds. However, I am open to learning from others, so please feel free to challenge my analysis with logical arguments.
If I find some spare time, I will soon share my entry criteria for HAL. I welcome anyone to challenge my analysis, as it may provide an opportunity for me to learn something valuable from you.