HINDALCO: What's NEXT ? Tag of WARE
Updated
HINDALCO: @ 196.55
On 19/06/2017: Long Bullish Candle.
On 20/06/2017: HANGING MAN / Bearish PIN.....Expected Fall.
Today On 21/06/2017: Long BEARISH Candle.
What's NEXT? Tag of Ware between Bulls & Bears.
Though I placed "SHORT" in Strategy Field, but Level Based Short + Long will be more Beneficial for Traders.
i.e Change Attitude from Bear to Bull & Vice Versa, till Trend Confirmed.
Option #1. May be "BEARISH PIN", Hope for Bulls.
Option #2. Bearish Long Candle (Formation of "THREE BLACK CROWS" Pattern).
For OPTION #1: Closed Above @ 194.9 & may be a LOW @ 193 -192 Zone.
FOR Option #2.: Closed below @ 193.9.
### Today's Volume more than 1.3X
Compare to last Two days & nearer to Average. thus Volume favor's Bears.
For Short Term Trade=>
RES.: @ 198.4, @ 199.5-200.3 (Hurdle Zone, Trend Confirm Zone), @ 202.33 (Above Strong for TGT @ 212 -@ 215 on EXP.),
SUP.: @ 195, @ 193.9-@ 193 (Bounce Zone, Trend Confirm Zone),
Weak Below @191 (By Closing)
For motivation Please Like/ Share / Comment.
Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
On 19/06/2017: Long Bullish Candle.
On 20/06/2017: HANGING MAN / Bearish PIN.....Expected Fall.
Today On 21/06/2017: Long BEARISH Candle.
What's NEXT? Tag of Ware between Bulls & Bears.
Though I placed "SHORT" in Strategy Field, but Level Based Short + Long will be more Beneficial for Traders.
i.e Change Attitude from Bear to Bull & Vice Versa, till Trend Confirmed.
Option #1. May be "BEARISH PIN", Hope for Bulls.
Option #2. Bearish Long Candle (Formation of "THREE BLACK CROWS" Pattern).
For OPTION #1: Closed Above @ 194.9 & may be a LOW @ 193 -192 Zone.
FOR Option #2.: Closed below @ 193.9.
### Today's Volume more than 1.3X
Compare to last Two days & nearer to Average. thus Volume favor's Bears.
For Short Term Trade=>
RES.: @ 198.4, @ 199.5-200.3 (Hurdle Zone, Trend Confirm Zone), @ 202.33 (Above Strong for TGT @ 212 -@ 215 on EXP.),
SUP.: @ 195, @ 193.9-@ 193 (Bounce Zone, Trend Confirm Zone),
Weak Below @191 (By Closing)
For motivation Please Like/ Share / Comment.
Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
Trade closed: target reached
Made a LOW @ 186.6
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