AbhishekHSinghCMT
Long

Hindalco - Bullish Gartley at 183 - Target 190

NSE:HINDALCO   HINDALCO INDS
792 22 21
We will try to search for all possible reason of buying in the zone 180-183 - Strict 179 stoploss which is X-Factor- Careful X factor breach on downside can take pattern deep in red & invalidates the structure.

Risk Reward of 4.35 if Hindalco             holds in the zone 180-183 without going below 179- critical level.

Trade active: 09:50 Hrs 17th April2017

Last Price@179.50

Day Low@179.35

We wanted some upside push for us to get confidence to get this trade working but markets are weak in opening.
One loses 50 paisa if buy trade taken at present level of 179.50. We don't have confirmation yet but downside is very small loss so Traders should take trade but break the same asap 179 is broken.
This is an emotional trade.
Trade active: 15:10 Hrs 17th April2017

Last Price@181.00

Putting Stops below 179.50

Turned again from 179.50-180 zone - gave 2 chances of going long, someone who can take risk of 1 point can enjoy such trades- I guess, we hardly get such trades where your risk is very low.

We have nothing to lose here -only gain if pattern does not work.
snapshot
Trade active: 06:04 Hrs 18th April2017

Last Price@181.45

Turning above 179.35 - we need Hindalco to cross/stay above 183 for giving us confidence else risk takers who have taken position close to 179.50 has nothing to lose in the trade.
Trade active: 09:45 Hrs 18th April2017

Last Price-190

Kissed the target zone 190-192 as suggested on 16th April2017 & we kept following same till we get it.

snapshot
Trade closed: target reached: 09:45 Hrs 18th April2017

Closing the post at 190 - Target Achieved.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
What a blast :)
Reply
@gulz, Awesome - Hot Hinadalco at 190
Reply
amitjshah AbhishekHSinghCMT
@AbhishekHSinghCMT, I bought at 182 and sold at 189. Thanks Abhishek.. Nice call.
Reply
bro it was awesome call earlier u gave the same call on bob also.it also rocked.u beauty.
Reply
AMBRISH Yuvraj2195
@Yuvraj2195, congrats,
Reply
Hindalco rocking!!
Reply
@nirav5, Rock On - we kissed the initial target zone.
Reply
AMBRISH AbhishekHSinghCMT
@AbhishekHSinghCMT, Congrats, sorry for the mistake.
Reply
@AMBRISH, Hi Ambrish, What Mistake?
Reply
AMBRISH AbhishekHSinghCMT
@AbhishekHSinghCMT, Mistake "@Yuvraj2195, congrats,"
Reply
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