avirrathi

Hindalco - No trade zone

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NSE:HINDALCO   HINDALCO INDS
Today hindalco has broken its upward channel with momentum indicators showing sell signal.
So according to technical analysis there will be a sell in hindalco but in my view one must wait for now
SELL hindalco below 206.5
target 203,200.5
stop loss 210
BUY HINDALCO above 210.2
Target 214.9,217
stop loss 208
Trade active: On short side
Trade closed: target reached: Cover short position at this point as there is some buying in hindalco at this position
Trade closed: target reached: Booked profit at 201

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