🚀 HAL Update (CMP ₹4,840, +0.9% today)

HAL extended its rally with yet another strong close, holding above the key ₹4,800 mark. The move comes with robust volumes, reflecting sustained investor appetite. 🔹 Technical Update Price closed near day’s high, showing strength after a sharp bounce. RSI has surged to 72, now in the overbought zone – signaling strong momentum but also caution for near-term profit booking. Support zone: ₹4,600–4,650, Resistance: ₹4,900–4,950. A breakout above ₹4,950 could push the stock toward ₹5,100–5,200. 🔹 Market Context Defence spending and indigenous manufacturing remain key sector drivers. HAL continues to benefit from order visibility in aircraft and helicopter programs. Investor positioning ahead of new contract announcements adds to the momentum. ⚖️ Conclusion HAL is sustaining its uptrend with strong momentum. Traders should watch the ₹4,950 breakout level, while long-term investors can ride the structural defence sector growth story.