NeeteshJain

Hindalco - Breaking Out from Long Consolidation

Long
BSE:HINDALCO   HINDALCO INDUSTRIES LTD
It is been observed that the price action is breaking out from a long consolidation range, indicating a strong move to upside.

Target: 215

Stoploss: 200
Trade active
Comment: stoploss revised at 197 on closing basis.
Comment: Updating chart and stoploss


Stoploss 193.

You may add to your positions around 193-195 levels if it comes down.

Regards
Trade active
Trade active: Hindalco back to 200 levels, shall keep up the momentum.
Trade active
Comment: Chart Updates: Hindalco did come down to 61.8% Fibs levels and reverse back to previous resistance levels. Now, a close above 204 levels shall take it further up.

Trade active
Trade closed manually

Comments

sir please dnt mind but stoploss should be upward trailing not downward
+4 Reply
NeeteshJain vishwambhar.vish4u
@vishwambhar.vish4u, Yes, but incase you realise that there is much better support zone of your trade then you could shift the stoploss down in order to stay in a good trade.
+1 Reply
abhinavk31 NeeteshJain
@NeeteshJain, some correction seen...gud to enter now? Thanks
Reply
I think it may toch 186-190 regions again...
+2 Reply
MrAkshatP MrAkshatP
*touch
Reply
NamantSatiya MrAkshatP
@MrAkshatP, yes expecting it to rebound from 190-192
+1 Reply
NeeteshJain NamantSatiya
@NamantSatiya, Yes, a rebound shall come around 61.8 fibs levels of the last up move at around 192 levels. Thanks for sharing.
Reply
NeeteshJain bakibilla
@bakibilla, Good one
Reply
+1 Reply
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