The counter is in a classical uptrend, as it has higher highs & higher lows. On the daily chart, it also saw the breakout of a long consolidation formation with declining volume.The structure of the counter is very bullish, as it trades above all important moving averages. It has broken a neckline at around Rs 360–363 levels on the daily chart.
HAL shares gain 2% after Q1 earnings beat estimates. Nomura, other brokerages hike target price
In the first quarter of FY27, Hindustan Aeronautics showcased a robust 15% rise in net profit, prompting brokerages to adjust their target prices for HAL