HAL Analysis!

Обновлено
Double Bottom Pattern with an RSI Divergence in HAL on a Daily Timeframe!
Double Bottom Pattern Formation in HAL !
Neckline Breakout in HAL!

Analysis:
HAL has made a Double bottom pattern on a daily timeframe after its downtrend so the trend is most likely to change. As we can see price made falling bottoms but RSI has made rising bottoms so there is a clear divergence as I have indicated in the chart. We also can see the optimum volume during the breakout and also the stock is retesting its new support.

Trade Setup:
Refer to the Analysis and make your own decisions as per your Risk to Reward Ratio

Disclaimer:
Consider my analysis for Educational Purposes only.

Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
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Pattern Failure!
Double BottomDouble Top or BottomhindustanaeronauticshindustanaeronauticsltdlongsetupresistancebrokenTrend Analysiswpatternbullish

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