Trading_hawk

HINDALCO | LEVELS AND TARGET | 20-07-2021

Long
NSE:HINDALCO   HINDALCO INDS
NSE:HINDALCO

Today HINDALCO Tested previous resistance of 396 level and that resistance turned in to support today.
This 396 resistance range was breakout with big bullish candle on 15-07-2021. So this type of correction was expected.

Tomorrow, 20-07-2021, if it sustain to trade and follow trendline then there will be up movement. It can face the first resistance at 400-403 range. Once this range broken then aggressive trader can took position till target of 407.

For the safe trader it it better to take position after 407. Targets are mentioned on the chart.

Below range of 392 it can give a safe short/sell trade. Let's see how price action works tomorrow.

All the best for the trading tomorrow.

Do comments if you have any doubt.

Comments

As given level it gave good fall below 392 level.
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