AbhishekHSinghCMT
Long

Hindalco- Any Dip Above 167.50 -as buying opportunity

NSE:HINDALCO   HINDALCO INDS
213 9 5
We have key support 167.50 - any dip holding above 167.50 can be taken as buying opportunity for short term target 178-180's & moving beyond 180- travels close to previous high 184-185.

Related Analysis Attached Below
Trade active: 10:26 Hrs 8th Dec2016

Last Price@179

Dips yesterday to 172 - Pushes upside 7 bucks-- Amazing
Trade active: 10:36 Hrs 9th Dec2016

Last Price@181.35

Day's High@183 - Moving Better & close to previous highs 184-185- Going above 185 - It shoots upside
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
Hi Abhishek, Hindalco made a low around 147. Superb analysis!! Another crowning glory. :)
What is your view ahead? Can we expect some short covering in it now?
Reply
@nirav5, Thanks, Let me check -I shall revert back.
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@nirav5, (6th Jan2017) O!!! Nirav- I guess I missed this one due to hectic schedule apart from the passion, I have to keep my job- Well-coming back to the analysis--bounce back from 147 came to 162 today--no issues -we will get another trading opportunity below 147. Shall be doing a new update in a short while from now. Regards
Reply
nirav5 AbhishekHSinghCMT
@AbhishekHSinghCMT, Fine thanks.
Reply
Expecting a bounce back today!
Reply
@tRex88, is this a question or update from your end
Reply
tRex88 TOP AbhishekHSinghCMT
@AbhishekHSinghCMT, It was my update, sir. I had observed a parallel channel for Hindalco on daily chart (valid from Feb 2016) and currently the candle is near the lower part of the channel. I was expecting a bounce back today. But it didn't happen at the same time the channel pattern was not violated.
Hope to see a bounce back tomorrow!
Reply
Wow Hindalco trading above 179.
Reply
@nirav5, Awesome
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