Hindustan Aeronautics Ltd. (HAL): Potential Wave ExpansionHindustan Aeronautics LimitedNSE:HALthekalpbardiaHAL continues to exhibit a strong long-term uptrend, with the broader structure indicating the development of a fifth wave within an extended third-wave framework. The prevailing price action suggests that the stock may be preparing for another impulsive expansion phase following the recent consolidation. From a structural perspective, the bullish interpretation remains valid as long as price sustains above ₹3,825, which serves as the key support level and risk-defined stop-loss for the current setup. Provided this level holds, the next phase of the trend could potentially drive the stock toward higher extension zones. The upside objectives for the ongoing structure are projected at: ₹6,400 ₹6,800 ₹7,400 These levels align with Fibonacci extension projections and higher-degree wave targets. In summary, HAL remains structurally constructive on the higher timeframe, with the possibility of a new impulsive leg developing within the broader bullish trend, subject to the maintenance of the defined support level.