Hindalco is doing sideways & if we try to become smart it will never forgive us as we should never forget to obey traffic rules- only when you get a red light -it is always safe to cross the road else jumping the redlight - you know what will happen- some darkness in front of you & you are left with nothing else apart from guilty feeling- "why i did so". These lessons are repeated in markets again & again but how many of us take it seriously.
Either you buy above 205 if sustained for 15-20 mins of trading as it will again go & make a spike & trap or you sell below 179 & finally nothing happens then, play in the range - sell at tops & buy at bottoms- Let market do what it wants to do- then you join the party. There is no stops for such trades & can be set once market shows the direction outside of the pattern.
Previous update- Wow 179!- I have really enjoyed
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ