HAL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.7

Here’s a comprehensive technical analysis of Hindustan Aeronautics Ltd (HAL) based on current indicators and chart behavior

📊 Trend Overview

Current Phase: Strong uptrend

Price Action: Trading well above both 50-DMA (₹4,608) and 200-DMA (₹4,447), confirming bullish momentum.

Volume: Slightly below 1-week average, suggesting mild cooling off after a strong rally.

📈 Momentum Indicators

RSI (70.5): In overbought territory — signals strength but also caution for short-term traders.

MACD (75.9): Strongly positive and diverging — confirms bullish momentum.

Bollinger Bands: Price likely near upper band, indicating strength but also potential for short-term pullback or pause.

🧭 Chart Patterns

Ascending Channel: Price action has respected a rising trendline from ₹3,046 lows, forming higher highs and higher lows.

Breakout Zone: Recent breakout above ₹4,600 confirms bullish continuation.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 4,720 Minor pullback zone

Support 2 4,608 50-DMA, strong dynamic support

Support 3 4,447 200-DMA, long-term support

Resistance 1 5,166 52-week high, immediate ceiling

Resistance 2 5,360 Fibonacci extension target

Major Resistance 6,360 Brokerage target

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🎯 Entry & Exit Zones

Optimal Entry: ₹4,720–₹4,760 (on dips with volume confirmation)

Short-Term Target: ₹5,160–₹5,360

Exit Zone / Stop-Loss: ₹4,608 (below 50-DMA)

🔄 Short-Term Outlook

Momentum: Strong and accelerating

Bias: Bullish above ₹4,720; cautious below ₹4,608

Phase: Trending — no signs of reversal or consolidation

🧠 Key Takeaways

HAL is in a robust uptrend with strong technical indicators and institutional support.

RSI suggests short-term caution, but MACD and moving averages confirm bullish continuation.

A decisive close above ₹5,166 could trigger a fresh breakout toward ₹5,360–₹6,000.

Sources

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Would you like a chart visualization or screener of similar breakout stocks? I can help with that too.

1

www.etnownews.com

2

in.tradingview.com

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dailybulls.in

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