Hindalco- Symmetrical Triangle- Awaiting Breakout- Potential Buy

123 2
As seen after a strong uptrend, price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the daily chart . A breakout with volumes on the upside would be our entry.
It is bullish in larger time frame also.
I will keep this stock in watchlist and review it once it gives a breakout.
Trade active: cmp 163
Comment: As per this pattern target should be around 184, but one can book profit at 180.
Sir whether, we may buy this stock at this level from the short term prospective?
aks85 sunilshinde1304
Whenever you want to buy a stock for a short period, buy it on a breakout, because you dont want to get stuck in a narrow range market. So, incase breakout sustains by eod, you can add it. Do manage your risk by hedging as market might get volatile due to elections in US.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out