Defense PSU Stock : This Defense PSU Stock has formed a Bullish Harami candle pattern at the support level, 8 analysts said, Strong Buy
At present, a good structure is visible on the chart of this Defense PSU Stock and as soon as the high level of Rs 4930 of the Bullish Harami candle is broken, bigger levels can be seen in this stock.
The stock market had a gap down opening on Wednesday due to weak global cues, but the market also made a good recovery from the lower levels. In this correction, some stocks with reasonable valuations were also on the radar of investors, in which buying was done from the support level.
Defense PSU Stock
After the approval of the projects of the Defense Ministry in these stocks, Hindustan Aeronautics was also in the news and a rise was registered in it. On Wednesday, Hindustan Aeronautics rose by 0.61 percent and closed at the level of Rs 4,862.00. There are positive news in this stock and after the news of getting some big projects from the government, this stock is rising from its important support level. It has been rising for the last two days. During this time a special bullish structure has formed on its daily chart. This structure is telling that the rise in this defense stock can remain in the coming days. A
bullish harami pattern has formed on the daily chart of Hindustan Aeronautics, which is a sign of rise in it. This stock is rising by taking support from the level of Rs 4830 on the daily chart. There is a 50D EMA at this level. Experts believe that as long as this stock is trading above its major support level of Rs 4800, it will remain in a strong uptrend.