A TECHNICAL VIEW ON HAL-19.5.2025

 

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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

A TECHNICAL UPDATE ON HINDUSTAN AERONAUTICS LTD-19.11.2024

 

HINDUSTAN AERONAUTICS LTD

 

CMP---- 4077.85   ON   18.11.2024.

ATH—5674.75 made on 9.7.2024.

ATL----235 made on 25.3.2020

RECENT LOW----- 1767 MADE ON 26.10.2023.

Support:3920/3762.60/3671/3428/3132/2913/2820/2728.45/2585/2088.

Resistance:4120.35/4172/4490/4540/4676.60/4690/4864/4950/5082/5114/5319/5378/5444/5582.80/5674.75.

TECHNICAL VIEW:--

After hitting an all-time high of 5674.75 on 9.7.2024.it corrected and still into deep correction mode. The technical setup and the indicators are weak and indicates that it is likely to go down further from here but moving down it has a very strong support point at 3920(it tested this point of 14.11.2024 & bounced back) & 3671 so it may bounce back from here and may resume the up-move again but break & sustained close below 3671 will make the correction much deeper. In this regard please note that as of now the technical indicators negative divergence indicates that it could come down to 3000—2800 range or lower, provided it breaks and sustain below 3671 on the closing basis. The good range to buy the stock in a staggered manner would be between 2900---2600 and the worst price for the stock as of now seems to be in the range of 2650--2549, break & sustained close below 2549 can drag it down to much lower levels. Similarly moving down if it holds the level of  3671 on the closing basis, then one can try buying  it near 3671 with a with a stop loss of 3580.

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:-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.

 

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

suranank@gmail.com

Mobile—8240951127/9831313654.

 

A TECHNICAL UPDATE ON HINDUSTAN AERONAUTICS LTD.

 9.6.2024.

A TECHNICAL UPDATE. 

HINDUSTAN AERONAUTICS LTD. 

SECTOR--AEROSPACE & DEFENSE. 

ATH---5444 MADE ON 3.6.2024.

CMP-- 4745.15 ON 7.6.2024.

TTM EPS- 113.96(-34.61% Y. O. Y) 

TTM/PE----- 41.61/ SECTOR PE--29.93

BOOK VALUE- 577.68

PRICE TO BOOK VALUE:--8.21

DIVIDED YIELD:-0.93%

FACE VALUE:-10

EQUITY:-334.39cr

SHARE HOLDING:- PROMOTERS-71.60% ---FII--12. 40%---DII---9.60 & PUBLIC--6.40%

Support:--4682/4557/4502/4348/4279.65/4044.75/3920/3671/3428/2913.60.

Resistance:-4767/4800/4862/5026/5085/5139.20/5378/5444.

TECHNICAL VIEW:--

It is in a strong long term uptrend and in the new zone but

after hitting an all- time high of 5444 recently on 3.6.2024 it corrected and made  bottom at 3920 and now the CMP is 4745.15, please note that it is still into correction mode but pullback mode is also on and moving up from here it will face strong resistance at 4767/4862/5026/5085/5139.20, please note that if it moves above 5026 it will get out of corrective mode and if it moves above 5139.20 and sustain on the closing basis then it may retest it's all- time high of 5444 or may go beyond it also. Similarly moving down it has good support at 4502/4348/4279.65/4089/4025/3920/3671,sustained break below 4279.65 can drag it down to 3920 and sustained break below 4025 can drag it down to 3671 and finally and most importantly sustained break below 3671 could drag it down to much lower levels and then the correction could be more painful price-wise & time-wise both. So the last key important  and critical support point is 3671. It is important to mention here that some of the important technical indicators are  weak on the daily&weekly chart which indicates that it could go down further from here in coming days. However price action is OK now and as far as price action remains positive there is no major threat for it to go down, but the pullback up move lacked volumes in the last two day which is slightly concerning. Therefore it i suggested so keep a watch on the price action & volumes and this will fairly indicate that which way it is going to move. The price range for the stock now is between 5444---3920 and it is evenly poised now. So be watchful. 

Remarks:- In view of the above observation those who have recently bought the stock can partly book profit and make rest of the holding cost effective because it can still go down from here. Aggressive traders can try long trade  on decline near 4280 with a stop loss of 4000 or on the sharp decline near 3671 with a stop loss of 3590.

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.

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. 

Thanks 

Narendra Kumar Surana

Email—suranank@gmail.com

Mobile—8240951127/9831313654.