2016 was an exciting year for me related to this stock-Hindalco & we had good opportunities in the past.
Blessed with right in the block hole 147 was something my colleague -Nirav5--highlighted to me (Thanks Nirav5) as tracking so many stocks by an individual is impossible but I try my best. I will like to say sorry to all those-whose request could be missed just because of time shortage at my end.
147-an important low- acted as good support.
Moving below 160 & sustaining below that could be an opportunity for extreme risk taking traders to be in selling mode. Medium term risk takers can join extreme group if it goes below 150 & finally zero risk trader to sell below 147- recent low- as we all know going below double bottom-what will happen.
Shall be looking for the 125-130 zone
Click the charts & use load bar feature to see the future bars
This is how we moved in 2016
Buying above 170-172---Jumps upside to 184-185
Dark Cloud Cover Pattern Makes me in the stock at 180
Last Jump above 167.50- to- 183.45
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw