HAL, a defence sector company has seen a steady increase in P&L and top-line. EPS has increased from 97 in 2021 to 180 in 2023. With Govt. push on defence sector, HAL will play a major role.
From Technical side, HAL is showing a bullish flag patter, and is currently in consolidation phase. The next move is expected once the flag resistance i.e. ~4000 is broken. Currently it is respecting the 20 EMI as well showing bullish sign. The volumes have also been on a lower side showing consolidation. Once the flag resistance is broken, it is expected to show a price movement till ~5000 as next target.
PS: I am a budding learner so this is my own personal view. Happy to have comments from the learned folks to add value / correct any points to make me & everyone learn. Thanks
From Technical side, HAL is showing a bullish flag patter, and is currently in consolidation phase. The next move is expected once the flag resistance i.e. ~4000 is broken. Currently it is respecting the 20 EMI as well showing bullish sign. The volumes have also been on a lower side showing consolidation. Once the flag resistance is broken, it is expected to show a price movement till ~5000 as next target.
PS: I am a budding learner so this is my own personal view. Happy to have comments from the learned folks to add value / correct any points to make me & everyone learn. Thanks