Aluminium went on a profit booking a few days back, now the market structure looks good for a buy.
If a 4H candle closes above 192.45 that's when the entry for buy(Aggressive buy). At 4H there is a proper ascending trend line, now the CMP has taken support over the ascending trend line.
Can expect a target of 208 in a month, and another target of 218 might take another month.. A good ROI can be expected.
SL I can project once the correction trend is reversed.
Tips: Once you enter the market, whenever there is a correction before you reach target try the PUT option in HINDALCO(one of the largest Aluminium manufacturers in India) for hedging.
If a 4H candle closes above 192.45 that's when the entry for buy(Aggressive buy). At 4H there is a proper ascending trend line, now the CMP has taken support over the ascending trend line.
Can expect a target of 208 in a month, and another target of 218 might take another month.. A good ROI can be expected.
SL I can project once the correction trend is reversed.
Tips: Once you enter the market, whenever there is a correction before you reach target try the PUT option in HINDALCO(one of the largest Aluminium manufacturers in India) for hedging.
Trade active:
Market came down a bit so the new Trend reversal was 188.85.,
now the 4H candle has closed above the 188.85, go for a buy(aggressive buy). Those who need a conservative trade wait for the retest.
SL : 178.75
now the 4H candle has closed above the 188.85, go for a buy(aggressive buy). Those who need a conservative trade wait for the retest.
SL : 178.75