RK_Charts

HINDALCO INDS

Short
NSE:HINDALCO   HINDALCO INDS
Hindalco stock has made double top on hourly time frame along with bkt , bearish hidden divergences rd in rsi , macd , stochastic etc, we are having bearish bias in this stock, one can go short at these levels or on rise ( if any ) with stoploss of 486, all the key levels are mentioned on chart along with stoploss and targets.

key levels are mentioned on chart along with stoploss and targets
wave structure could be like this
macd in daily in negative croosover
macd in hourly started down tick
rsi in hourly below 60 now
dmi are converging in hourly
Bearish RD in rsi in hourly
Bearish RD in macd in hourly
Bearish RD in stochastic in hourly
BKT

Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Trade closed: stop reached

Most traders treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you....!