HAL Approaching Major Breakout Above Long-Term Channel

✅ Hindustan Aeronautics is trading near the upper boundary of its long-term descending channel, showing signs of a strong bullish setup. The stock has already broken out from a falling wedge earlier and has maintained higher highs and higher lows since then.

✅ Price is now consolidating just below the channel resistance around 5050–5100. A decisive breakout above this level can open the gates for a fresh rally towards 5500 and beyond.

✅ Volume activity remains steady, supporting the uptrend. Any spike in volume during the breakout will further strengthen this move.

✅ RSI on the daily chart is around 57, showing healthy momentum with ample room for more upside before becoming overbought.

📈 Watch for a clear breakout and daily close above the trendline for confirmation. If sustained, HAL may continue its strong uptrend backed by solid order books in the defense sector.