Technical Portfolio Guide
HINDUSTAN AERONAUTICS LTD
CMP: ₹4,930.20
BSE Code: 541154
Should I buy HAL now for the long term? - Rahul Bose
WAIT FOR CONFIRMATION. ENTER ONLY ON A CLOSE ABOVE RS 5,150.
HAL has been in a consolidation phase since mid-May after rallying more than 45 per cent from its recent lows. It is currently trading just above its 200-DMA, with Relative Strength poised for a potential surge. However, the last two weeks have shown indecisive candles, and key momentum indicators remain in the neutral zone. For a fresh long-term entry, the stock must decisively close above the current consolidation zone of Rs 5,150 and RSI should cross above 60. Until then, it's better to wait for a proper confirmation.
INFOSYS LTD
CMP: ₹1618.15
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