Stock Radar: Defense major HAL gains momentum; upside seen till Rs 5,130, Shivangi Sarda recommends

Hindustan Aeronautics Limited stock broke out after consolidating for two months. Experts suggest short-term traders consider buying. The stock previously hit a high in May. It faced resistance around Rs 4,600. Support was found near Rs 4,300. The stock rallied over ten percent in a week. Analysts recommend a target of Rs 5,130 in the coming weeks.