We have 2 head & shoulder in this uptrend channel all the way up from Jul 2013!
Now, ever since HAL broke down from the uptrend channel, it has been struggling to break back above the channel.
With major indices in US so strong, HAL is not making progress, if the challenge to blue region is not successful and get rejected, we going to see another leg of plunge
Blue line is my anticipation of price movement
Now, ever since HAL broke down from the uptrend channel, it has been struggling to break back above the channel.
With major indices in US so strong, HAL is not making progress, if the challenge to blue region is not successful and get rejected, we going to see another leg of plunge
Blue line is my anticipation of price movement
