AbhishekHSinghCMT

Hindalco - XX factor returns 179-205

NSE:HINDALCO   HINDALCO INDS
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11
437 4
XX- factor returns back now in Hindalco -first in Infosys- who all remember "The X-factor@1040 in Infosys"- don't re-collect- head into my analysis treasury.
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.

Trading Strategy
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
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Time to go short on Hindalco at the upper end of the band.
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VERY GOOD EXPLANATION SIR, you have decoded the chart very well....:)
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@naizycm, Trade carefully in this as well like Axis Bank.
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naizycm AbhishekHSinghCMT
@AbhishekHSinghCMT, Thanks sir :)
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