HAL – Consolidating Before Next Move ✈️

Technical View:

is showing healthy consolidation after a sharp run-up. Price trading above 21-EMA (₹4,785); RSI at 60 — neutral, with room for upside. Resistance: ₹4,950–₹5,200; Support: ₹4,700–₹4,600. Breakout above ₹5,200 could resume medium-term rally toward ₹5,500. Fundamental View: Strong order book (~₹95,000 cr), robust defense capex visibility. Government push on indigenous manufacturing, exports to ASEAN markets, and new helicopter orders support long-term growth. High ROE (~25%), debt-free balance sheet, and recurring defense contracts. 🎯 Target: ₹5,500 (+12%) 🛑 Stop-Loss: ₹4,650 📊 Bias: Bullish – ideal for positional investors awaiting breakout confirmation.