Long oppertunity in HINDALCO
Updated
Stock bounced back from 200 EMA, support zone and trend line. Clear RSI divergence happening from 4th November to current high. Also MACD crossover is favoring the movement.
I take previous swing low as my SL and follow 1:1.5 R:R. I recomment you to take only 1% of capital risk and trade the script.
I take previous swing low as my SL and follow 1:1.5 R:R. I recomment you to take only 1% of capital risk and trade the script.
Note
EDIT: Also the stock gave a Short term trendline breakout .
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