HINDUSTAN AERONAUTICS LTD
Panjang
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HAL: fake breakdown and a possible bullish move.

345
Stock: Hindustan Aeronautics Ltd HAL

• Timeframe: 1-day candles (each candle represents one day of trading)

1. Consolidation Zone: A grey rectangular box highlights an area of "consolidation" starting from around May 14th. This means the stock price has been trading sideways within a relatively narrow range, not showing a clear uptrend or downtrend.

2. Fake Breakdown: An arrow points to a price dip below the lower boundary of the consolidation zone. The annotation calls this a "fake breakdown." This implies that the price temporarily moved below the support level, but then quickly bounced back up.

3. Potential Trade Setup: The chart suggests a potential long (buy) trade based on the fake breakdown and the subsequent recovery.

• Entry Point: Around 4,897.55 (labeled "ENTRY" on the chart) which is the price at which the stock could be bought.

• Stop Loss: Around 4,733.75 (likely intended to be the "4733.60")
This is the level below which the trader would exit the position to limit potential losses if the price moves against them.

• Targets: The chart identifies three potential profit targets:

* Target 1: 5,087.85
* Target 2: 5,305.15
* Target 3: 5,497.80
Dagangan aktif
trade actived trading near 4930 now

keep your stoploss in your system or use price alert

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.