NSE:HINDALCO   HINDALCO INDS
Hindalco is forming a symmetrical pattern and can break either side of the triangle. A break above can be traded for long position for targets of 411 and 426. A break on the downside can be traded for short position for targets of 380 and 367. A downside break will lead to the price going below the 50 EMA , and the first target mentioned for 367 is the level of 200 EMA .

Make sure to trade what happens and not what you expect :)

Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)

Comments

im waiting for volume build up
+2 Reply
dakshjain76 Rakesh14287
@Rakesh14287, Yes, breakout with a good volume is the best breakout to trade!
Reply
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