Hindalco looks like is consolidating just near immediate support and is ready to provide another leg of fall. I had given caution around 25th Jan in few groups to stay away from Metal ....
Expecting some more pain in Metals unless recent swing highs are taken out ...
Expecting some more pain in Metals unless recent swing highs are taken out ...
Trade active:
Wait for setup to be active ....i.e. breakdown of the range on downside ...
Trade active:
Yesterday was more of expiry adjustments, new series day 1 - down by 3% :)
Trade closed: target reached:
400 done and dusted psychological number will act as good support now and more selling pressure only if it breaksdown 400
Comment:
As mentioned below 400 it made a new low of 383 ...
