HINDUSTAN AERONAUTICS LTD
Open—3638.20--High---3700.10---Low—3551--Close---3687 on 2.4.2026.
All-Time High:-5674.75 made on 9.7.2024.
All-Time Low:-224 made on 24.3.2020.
The overall technical setup is very weak and it is already into bear market territory as it is below its threshold point of 4539.80, so it is likely to go down further in the coming days. But it has got strong support in the range of 3671---3667 & 3469---3391 and as long as it holds these range on the closing basis chances of up-move will be alive and can extend the up-move for a while. However it is on a weak technical footing, therefore further fall is still very much on the card and it may break this range in the coming days, so be alert and cautious. Moving down its important support range could be as follows:-
1. 3671---3667 --break
& sustained close below will be an alert sign for going down.
2. 3469---3391 ---break & sustained close below these points can drag it down to 3046
& 2820 levels or lower- so it is a strong support point.
3. 3230---3150—3046- break & sustained close below 3046 points may witness an accelerated fall and can pull it down to much lower levels.
Similarly the following points are termed as make or break
bottom and are supposed to be a strong support or resistance points:-
1. 4539.80--IT IS BELOW BEAR MARKET THRESHOLD POINT NOW, VERY WEAK SIGN.
2. 3920-------IT IS BELOW
IT NOW.
3. 3671.
4. 3046.05. VERY CRITICAL SUPPORT POINT.
5. 2913.60.
6. 2820.
7. 2585.
8. 1767.80
It is suggested to buy in a staggered manner only once it gives visible indication that the fall is arrested or downside may be limited and if it holds any of the support points or range as mentioned above for some time then start buying with a strict stop losses. Please note that 3046.05 is a very critical support point and break & sustained close below it may witness an accelerated fall and as of now the overall technical setup is weak and likely to break this point and go lower only if it moves below 3469 & 3391 and sustain on the closing basis, else it may not break it, so watch out, as of now it seem that it has taken pause from fall at this point of time but fall cannot be ruled out in coming days. Therefore it is suggested not to hurry for buying because overall market condition is very fluid and sentiments are at the lowest at this point of time.
It is important to
mention here that you can get good companies stock cheaper only when the technical
parameters are weak, therefore for investor those who are slight risk taker and
have patience and can hold the stock for 3-5 years time period should only buy in
a staggered manner with the help of above observation for good or handsome
return. Similarly for the risk-averse investor one should only buy when it
gives distinct indication of bottoming out and consistently start moving up,
but in this case one will get the stock at a higher price.
REMARKS;-In view of the above observation for long term investors one
should structure their buying as suggested above.
FOR SHORT TERM TRADERS
OR INVESTORS.
S.N BUYING RANGE OR POINT
STOP—LOSS
REMARKS
1. IF
SUSTAINS ABOVE--3671---3667 3600
FOR AGGRESSIVE TRADER/INVESTOR.
2. 3469---3391 3340 FOR AGGRESSIVE TRADER/INVESTOR.
3. 3230---3150—3046 2980 FOR SLIGHTLY SAFE TRADER/INVESTOR.
FOR LONG
TERM INVESTORS
Initiate
token buying near or within the range of 3469---3391 and then if it breaks this
range then add on near 3230, 3150, 3046, 2920, 2820 in a staggered manner and
buy only half of the targeted quantity and buy rest of the quantity only once
it moves above 3046.05 again and sustain on the closing basis for some time
then with a stop loss of 2980.
IMPORTANT: DO NOT TRADE OR
INVEST WITHOUT STOP LOSS.
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:- I am not a SEBI registered technical
analyst. The view expressed here are solely of the author and purely for the
academic and educational purpose. This is in no way a trading or investment
advice.
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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