HINDALCO INDUSTRIES LTD

Long

HINDALCO buy setup - Good risk reward

Updated

Buy HINDALCO at CMP (248+). Expecting a gap up opening above 251 on Oct 01, 2018

T1: 270
T2: 284

SL: 241

Trade active

Accumulate more on dips till 246

Note

Buy more at CMP (243+) as its testing the trendline

snapshot

Note

Now that Hindalco closed below 246 the likelihood of a gap up open above 251 on monday is low. However we remain bullish until Sl is triggered.

Trade closed: stop reached

Trend line broken

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.