Stock Radar: This high-flying aerospace stock witnesses range breakout; time to buy or book profits?

Over the past year, HAL shares have surged 197%, rising from Rs 1,867 on July 5, 2023, to Rs 5,552 on July 5, 2024. Post reaching a high of Rs 5,585 on June 19, 2024, the stock experienced a slight pullback but continued its upward trajectory. It found support above the 5-day moving average, and a buy signal was triggered by the Supertrend indicator on June 18, 2024, suggesting sustained momentum.