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HAL

– Momentum Rebuilding

Technical View:

has surged to ~₹4,916, extending gains after a strong breakout from consolidation. The stock is trading well above its 20/50-day EMAs (₹4,761/₹4,642), confirming renewed bullish momentum. RSI is at ~73, slightly into overbought territory but still showing strength. Immediate resistance lies at ₹4,900–₹4,950; a close above this can open the path to ₹5,100–₹5,200. Key support zones are at ₹4,600–₹4,650. Fundamental View: HAL’s robust order book (>₹90,000 Cr) and fresh defence pipeline ensure revenue visibility for the next few years. With government push for indigenisation and defence modernization, HAL remains a key beneficiary. Stable earnings growth, margin profile, and sector leadership make it a structural long-term play. ✅ Short-Term Bias: Positive; watch for breakout above ₹4,900 with support at ₹4,650. ✅ Long-Term Bias: Bullish; potential to test ₹5,200–₹5,400 in coming quarters. ⚠️ Risks: Order execution timelines and policy-related delays could bring near-term volatility.