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Unite Technologies Financial

25th Jul · SEBI-Registered Analyst

Technical Analysis Hindustan Aeronautics Ltd.

The stock

HAL
is in a strong bullish trend on the daily chart. After recovering sharply from the March lows the stock has been making higher highs and higher lows. The recent price action indicates sustained buying interest with the stock trading close to its recent swing highs. This consolidation is healthy and suggests buyers are absorbing selling pressure. A decisive breakout above the recent highs could trigger the next leg of the uptrend. Immediate support is placed around ₹4450–₹4500 followed by a stronger support near ₹4200–₹4250. On the upside, immediate resistance lies at ₹4600–₹4650 while the major resistance is around ₹4780–₹4800. A breakout above ₹4650 with strong volume could open the way toward new highs. The short-term outlook remains bullish. Existing investors can continue to hold with a stop-loss below ₹4450. Fresh buying is preferable on a breakout above ₹4650 with strong volume or on dips near the support zone.

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