Trendline Breakout

24 Ağu 2023

HAL

HAL has given a trendline breakout. The breakout is supported by a rise in volume. RSI is moving in sync with the price and has given a trendline breakout. MACD has formed a bullish crossover and is sustaining above its zero line. All these observations are seen in the daily time frame. Price can rise up to 4170 and above that, it can rally up to 4230 - 4300. It can be bought above 4050. The stop-loss will be below 3960 on a daily close basis. Holding duration 3 - 4 days. The trade should be ignored if prices open with a gap up or down before initiating the trade.