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nsdtrading

Long oppertunity in HINDALCO

Long
HINDALCO INDS (NSE:HINDALCO)  
nsdtrading Updated   
NSE:HINDALCO   HINDALCO INDS
Trend Analysis Support and Resistance Trend Lines rsi_divergence macdcrossover 200ema-rejection
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trendanalysis supportandresistance trendline rsi_divergence macdcrossover 200ema-rejection
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.
Comment:
EDIT: Also the stock gave a Short term trendline breakout .
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