Trading_hawk

HINDALCO CUP AND HANDLE PATTERN BREAKOUT| TRADE SETUP 28-07-2021

Long
NSE:HINDALCO   HINDALCO INDS
NSE:HINDALCO

Today, 27-07-2021, it gave perfect breakout of cup and handle pattern with good move and volume . Also our Target hit.

Trade Setup for 28-07-2021.

It closed above 415, which is a good sign.
TOMORROW, if it goes below 415 and then test the support from range of 412.80-413, then go bullish . For Intraday, at least Book your profit or partial profit at 420 level.
As 420 is having highest call writing addition today. And if it keep on trading above 420 then the next target will be 425-428 zone.

For the sell side once it breaks the 410 level with bearish red candle then go short till 1st small target 407 and then 400.

Hope you had a good profit from this trade today. Do comment if my ideas are helping you to understand trend, levels and price action.

Let me know if you have any doubt or suggestion.