Perfect Continuation Pattern. BREAKOUT
A big breakout in HAL from the symmetrical triangle and there is plenty of upside left in here.
The stock is running aimlessly since the announcement of Indian Authorities sourcing defense equipments locally for foreseeable future.
And HAL probably is the best listed entity for this sector. Stock just broke out for a symmetrical triangle and will continue it's run.
The stock is good for long trades both for traders as well as for investors.
CMP 950.
Entry after a pullback around 925
T1 985
T2 1050
SL 900
Trade and Invest after doing your own analysis
The stock is running aimlessly since the announcement of Indian Authorities sourcing defense equipments locally for foreseeable future.
And HAL probably is the best listed entity for this sector. Stock just broke out for a symmetrical triangle and will continue it's run.
The stock is good for long trades both for traders as well as for investors.
CMP 950.
Entry after a pullback around 925
T1 985
T2 1050
SL 900
Trade and Invest after doing your own analysis
Komen:
Did not initiate a trade on this. Stock retraced only till 937 and hence was above my entry price. but the pattern is holding up. good candidate for intraday today.
