HINDALCO --INTRADAY SETUP -- 16/02/2022
Updated
HINDALCO pick as intraday as on 16/02/2022.. Technical trend seen upside on 15 min chart, Recent bottom formation at support line as well as short term Resistance breakout clearly seen on chart , RSI move above 60 as bullish setup ON INTRADAY .
Intraday support seen at 529-530 so this will also buy level if stock make some correction on intraday.
Resistance at 540-550 this will be target on intraday .
BUY HINDALCO @ 533.85
TARGET 540-550
stop loss 525
**THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk. !
HAPPY TRADING. !
Intraday support seen at 529-530 so this will also buy level if stock make some correction on intraday.
Resistance at 540-550 this will be target on intraday .
BUY HINDALCO @ 533.85
TARGET 540-550
stop loss 525
**THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk. !
HAPPY TRADING. !
Note
preopen buy order @533.85 - 16/02/2022Note
Double bottom formation at 529 level lets see this level hold.. !Note
two time support found at our 2nd buy level 529 and I made good profit from 529 to 532 level.. !Note
EDUCATIONAL TIP.. sometime we do not find exact trade setup which we have set earlier on intraday, then we have to go with trend and find buy on deep strategy at support level . so i bought at 529 support and according to chart i sold at resistance 532 .. around 500 qty.. 2 times ..PROFIT AROUND 3000 intraday even my target does not hit till end..my overall trade is profitable ..!
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