HAL has given a strong recovery from the recent swing low near the 3,500–3,700 zone and is now trading above the long descending trendline that acted as resistance for several months.
Key observations:
View: Bullish above the breakout zone as long as price sustains above 4,300–4,400.
Possible setup:
A pullback/retest near the breakout trendline or support zone could offer a better risk-reward entry than chasing the current candle.
Invalidation:
Close below 4,250 may indicate breakout failure.
Disclaimer: Educational view only. Not financial advice. Use proper risk management.
Key observations:
- The major descending trendline appears broken.
- Price is attempting to sustain above the breakout zone.
- Recent recovery shows strong bullish momentum.
- Immediate resistance zone: 4,750–5,000
- Major resistance zone: 5,200–5,600
- Important support zone: 4,300–4,400
- Breakdown below 4,250 may weaken the bullish structure.
View: Bullish above the breakout zone as long as price sustains above 4,300–4,400.
Possible setup:
A pullback/retest near the breakout trendline or support zone could offer a better risk-reward entry than chasing the current candle.
Invalidation:
Close below 4,250 may indicate breakout failure.
Disclaimer: Educational view only. Not financial advice. Use proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.