praveen.bhatiya

Multiple Cofluence at this level HINDALCO

Long
NSE:HINDALCO   HINDALCO INDS
PF , latest Trendline and Channel cofluence at this point suggesting that buyers may enter at this level. Please keep a watch on it for emerging trade.
Trade closed: target reached: Keeping the stock in watch worked today. Gave good trade.

Comments

Sir whenever price approaches towards demand/supply zone price action becomes important in that potential trade zone. Either Price moves up if buyers emerges or it breaks the support and moves southward. What is the idea here : Watch the price action if it gets support here enter for a long trade otherwise on breaking the support wait for a retest or any other suitable entry to go for short. It may also gap up or down not giving any chance to trade so let's see what would happen tomorrow. In my description it was clearly mentioned to watch at this level. Thanks
+1 Reply
where is the idea
Reply
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