BotheredBull

HIndalco Long (Swing)

Long
NSE:HINDALCO   HINDALCO INDS
based off of 30m chart, an untapped demand zone has been marked. Right above it are two equal lows which may be perceived as support. This faux-support is likely to be swept through to take out the early and impatient buyers.
It is preferred that the approach to the zone is not impulsive with a shift of structure from bearish to bullish being clear.
Entry may be a limit buy or a buy on confirmation.
if this zone fails, it might probably slide down to 300 (based on daily chart ) with some reaction at the intermediate zone...probably.
target is the high.
Not financial advice. GG