Einstein15

HINDALCO Lifetime Breakout

NSE:HINDALCO   HINDALCO INDS
Hindalco just retested its lifetime high AFTER SEVEN YEARS.
currently in breakout/reversal zone.

Comments

i think its time to short with sl 255 tgt 230
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Einstein15 somnathhtc
@somnathhtc, Not really. Atleast not one this time frame. If u hit the play button, u;ll see solid green candle, still inside the yellow level. No signs of reversal atall. Even on the lower time frame, its moving up in a channel. so untill it breaks the channel and another support level, its still in green.But sure if nifty continues to go down, it can drag it down.This is hourly-->
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