Evening star in Hindalco
Updated
After a spectacular rally in Hindalco, we can see an evening star pattern being formed.
Look at the nice red candle formed after the evening star, confirming the pattern's validity.
In my view, it will not go in a reverse direction forever but will only take a pullback.
Target: 230.
(After that trail SL till 210)
Look at the nice red candle formed after the evening star, confirming the pattern's validity.
In my view, it will not go in a reverse direction forever but will only take a pullback.
Target: 230.
(After that trail SL till 210)
Note
This trade is against the trend, so it's wise to keep a tight stop loss @ 253 (high of the confirmation candle)
Trade active
Touched 253, but closed the day @ 245.85. Let's see what happens.Trade closed: target reached
Target of 230 reached on 21 DEC
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