NSE:HAL HAL has exhibited signs of a breakdown, with the stock breaking below key levels of support and resistance. The daily and weekly charts have both witnessed the breach of a downward trendline. There are two potential price levels to target:
1. The stock may experience a decline from its current level of 1737.
2. If the downward momentum continues, the...
For the past four weeks, I've been expressing my doubts about the current market situation, which appears to be artificial and lacking any clear indications of a bullish target.
Now, let's delve into the technical aspects:
1.Examining the 62-day timeframe chart, we can identify the demand zone, representing the true value of the asset. Conversely, the...
Click here to learn why I believe a significant bearish trend is imminent.
1. Clear targets set for a potential significant continuation.
2. Timing of the occurrence remains to be seen.
3. Enter upon price breakout of the indicated key zones.
4. Feel free to comment and share your own technical analysis if you have different perspectives.
5. Keep the...
Technical Analysis Update:
In correlation with the previous Hindustan Aeronautics Ltd post, here are the latest insights for riding the upcoming bear trend:
1. Currently, we are in a crucial 1-hour Key Supply Zone.
2. Typically, supply zones result in rejection. To confirm its effectiveness, we need to observe the 1-hour CHOCH/BOS. Alternatively, we can rely on...
Technical Analysis Highlights:
As discussed in the previous related idea about HAL, there are indications supporting a significant bearish movement.
1. The entry point on the chart occurs when a 16-minute candle closes below 3461.9.
2. I personally implement a trailing stop loss strategy, but feel free to use a stop loss level that you find comfortable.
3....
Detailed Technical Analysis about the direction of HAL
1. The HAL stock's actual value can be clearly observed on the 62-day chart . To demonstrate the accuracy of my analysis, I utilized the Search Volume Profile (SVP) to highlight the precision of my levels. If you're unfamiliar with SVP, I recommend conducting some research to expand your understanding.
2....
