HAL - Accumulation or Distribution?? Update

2021年10月16日

In the earlier idea on HAL (posted on 17/09/2021) I have updated about the price range in which the stock has been trading since 30.08.2021. The stock has not violated the zone on either side. HAL has shown some good price expansion towards the upper range of the zone with clear expansion in volumes. The stock is just confirming the idea that the stage is an accumulation stage and we may expect a break out above the zone very soon. Below will be the target in case of a genuine breakout above the level of 1456 on a daily closing basis

T1 - 1570
T2 - 1790
SL - Below 1340 on a daily closing basis

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