HAL
Open—4874---High---5165---Low---4833.60—Close—5127.70 on
16.5.2025
Support:4749/4675/4582/4360/3920/3671.
Resistance:5213/5378/5444/5455/5583/5674.75/6832/6934/7443/7989/8535/9146.
(Bold and underlined figures are most important)
Technically it is on a very strong footing for the continuation of the up-move. Please note that if it holds 4749 on the closing basis then it could retest its all-time high of 5674.75 or may go beyond it also. Similarly moving down if it holds the range of 4749---4582 on the closing basis then the chances of resuming the up-move will be alive, else it could correct for a while.
REMARKS:- It is in the strong uptrend and buy on decline stock till it holds it critical support range as mentioned above.
NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.
Disclaimer:-The view expressed here are solely of the
author and he is not at all responsible in any way for the outcome of the trade
you enter based on the above view. It is for the educational purpose.
Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price stated
here are of spot market.
Contact me for strategic guidance to enter and
exit trade.
Thanks
Narendra Kumar Surana
Mobile—8240951127/9831313654.
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Thank you for sharing your views.