As I have mentioned in the post there was no price close above the rejection candle and hence no entry was triggered. Currently price at a key support level of price shows rejection we can consider entry from this level.
@zain36 the price have fallen from the above mentioned level but currently the price is at a support that is from 550-525 wait for some confirmation for entry.
HAL is a good defence stock and also technically it's in an upward trend and it's near it's all time high chances of breakout are higher don't sell CE chances are u gonna lose ur money. however this is my analysis u may do ur own analysis and take a decision
@vikul2811 As long as the stock doesn't show any strong bearish candles and market is good we can expect a rally. I have personally taken entry at 470.
the fii's are continuously selling in the indian market and around 30 % of share is owned by the fii so isn't concerning and riskier to invest in this stock?
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