HINDALCO : Cup and Handle Breakout
Updated
A cup & handle Breakout in conjunction with Triangle Pattern Breakout
Retest is pending for the triangle pattern breakout.
Hindalco is moving based on the support line support for long.
Waiting for a retest to enter with SL below
closing of the support TL
One can enter now as well with 50 % qty just not to miss the trend for targets of 510/550/630.
DISC: Only for educational purposes. please consult your financial advisor before entering.
Retest is pending for the triangle pattern breakout.
Hindalco is moving based on the support line support for long.
Waiting for a retest to enter with SL below
closing of the support TL
One can enter now as well with 50 % qty just not to miss the trend for targets of 510/550/630.
DISC: Only for educational purposes. please consult your financial advisor before entering.
Trade active
Retest Entry done at 432.Note
As the major resistance is crossed the SL can now be trailed to cost at 432 on closing basis.Note
Near to Round number target of 500 level. One can book about 50 % here and can wait for the rest.Trade closed: target reached
508 reached against the target of 510. Booking full profit here. 18% gain almost.Note
All targets till 630 reached.
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