Date: 23-Aug-2023 Rating: Buy LTP: Rs. 4031.10 Target: Rs. 4800 Exit Plan: Follow the 7/13/26 DEMA cross down on closing basis.
HAL has given a break out from an Ascending Triangle that has been created since last few sessions. With this it has also break out from it's last known resistance. 7/13/26 DEMA crossover, MACD crossover and RSI above 0 supporting further upward journey and possibility of achieving new highs.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
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DAC approves proposals worth Rs 45,000 crore, including procurement of 12 Su-30MKIs for IAF which will be manufactured in India by HAL.
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Updating target after stock split. <b>Target:</b> Rs. 2400
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HAL started flying again towards the target.
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Target of 2400 achieved.
Next Target: 2600.
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6-Dec-2023: 2nd target of Rs. 2600 reached. Momentum is still strong. Next Target: Rs. 2915
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36% up from suggested level.
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4-Jan-2024: 3rd target of Rs. 2915 reached. LTP Rs. 2904.25. Up by 44% from suggested level.
Momentum is still strong. NEXT TARGET: Rs. 3111
İşlem kapandı: hedefe ulaştı
Closing this idea. Refer to latest HAL idea published with updated chart and targets. Link given below.
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