HINDALCO - WEEKLY TF ANALYSIS - 27th November #stocks

HINDALCO (1W TF)

Trade Analysis given on 27th November, 2023 (Monday)

Pattern: ASCENDING TRIANGLE
- Neckline Resistance Breakout - Done ✓
- Retracement + Consolidation - In Progress
- Volume Spike - In Progress

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Trade active:

HINDALCO Update
- 1st Target Level achieved
- 10.5% in 14 Trading Sessions

- Tight TSL on

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Trade active:

HINDALCO Update
- 1st & 2nd Target Level achieved
- 3rd Level almost complete
- 21% in 22 Trading Sessions
- Tight TSL on

- Starting to look like its going to be news based
- Will close the position at the target level and re-enter if the opportunity arises

#stocks #swingtrade #chartanalysis #priceaction #traderyte #hindalco

Comment:

HINDALCO Update - 28th Jan, 2024

- Re-entry possible at current levels
- Has made a nice double bottom and hammer candle on a Weekly time frame
- Making sure to keep my SL really small
- This will make for a better RR
- Will trail my SL accordingly

#stocks #swingtrade #chartanalysis #priceaction #traderyte #hindalco