Hey folks,
So we flagged HAL in today’s newsletter (13th Feb) after it continued to hold firmly above ₹4,000. The stock had a clear support bounce setup, backed by strong news flow as well– the ₹2,312 cr. Dornier-228 aircraft order and broader defence acquisition approvals worth ₹3.6 lakh cr.
Post market open, I took an ATM call (4200 CE)
Honestly, the only concern initially was the high IV percentile
But despite that and despite the broader market being weak (Nifty down ~1%), HAL held its ground really well and started moving up. There was some drawdown early on, but the strength in the stock stayed intact.
Ended up closing the trade with ~30% profit, while most of the market was bleeding.
Good reminder that stock-specific strength + news + structure can still play out even on rough index days.
