TradingView
leon_scott
Jun 2, 2021 12:12 AM

Bearish for HINDALCO Short

HINDALCO INDSNSE

Description

We can clearly see the hanging man (single candle-stick pattern) in the 1D timeframe, which is a signal for upcoming bearish dominance. Moreover, there is a formation of disjoint channel, which is going to open, most likely downwards.

I am new to technical analysis and trading field, So, I need as much support, suggestions and improvements which you all can give on this idea.

Note:

1. Green lines are for entry
2. Blue lines are for exit.
3. Stoploss can be set according to trader's discretion.
Comments
jimbo70
i am also new, have you done anymore analysis with disjoint channels?
More