HAL is currently demonstrating strong bullish momentum with its price trading above key moving averages including 50-day (₹4741) and 200-day (₹4463) averages. The Relative Strength Index (RSI) is low around 23, signaling oversold territory but price action shows encouraging signs of recovery. MACD and other oscillators indicate bearish bias but potential for reversal given recent volume and price support. Immediate support is near ₹4540, while resistance lies around ₹4710, suggesting a possible range-bound movement before the next directional breakout.
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