NeeteshJain
Long

Hindalco - Breaking Out from Long Consolidation

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
May 30
Trade active
May 30
Comment: stoploss revised at 197 on closing basis.
May 31
Comment: Updating chart and stoploss


Stoploss 193.

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

Regards
Jun 01
Trade active
Jun 04
Trade active: Hindalco back to 200 levels, shall keep up the momentum.
Jun 07
Trade active
Jun 09
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.

Jun 11
Trade active
Jun 22
Trade closed manually
Sir i to closed my trade manully as no tgt no sl waiting for 2 months
Reply
@ms555, Yes, it was a bad trade pick as it still consolidating and not taking any trend direction.
Reply
ms555 NeeteshJain
@NeeteshJain, Though its good for Options Sellers.
Reply
@ms555, Rightly said. They must be having good time with each day passing by.
Reply
ms555 NeeteshJain
@NeeteshJain, :agree:
Reply
+1 Reply
@NeeteshJain , is it good to buy feature in this level and SL is 193/192?
Reply
NeeteshJain chandu_Trade
@chandu_Trade, No, now the trade is closed to upside. Now, if it retest 196 levels and then come back down then we should sell it.
Reply
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
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