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
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stoploss revised at 197 on closing basis.
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Updating chart and stoploss
Stoploss 193.
You may add to your positions around 193-195 levels if it comes down.
Regards
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Trade active
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Hindalco back to 200 levels, shall keep up the momentum.
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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.
sir please dnt mind but stoploss should be upward trailing not downward
NeeteshJain
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@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.
abhinavk31
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@NeeteshJain, some correction seen...gud to enter now? Thanks
MrAkshatP
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I think it may toch 186-190 regions again...
MrAkshatP
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*touch
NamantSatiya
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@AkshatPatwa, yes expecting it to rebound from 190-192
NeeteshJain
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@NamantSatiya, Yes, a rebound shall come around 61.8 fibs levels of the last up move at around 192 levels. Thanks for sharing.