RSI: Bearish divergence
Channel: Upper end
A 6% drop can be expected.
Use your own SL levels (prefer), if confused follow the mentioned levels.
Expected Level: 194.55
(This is only my opinion, not financial advice. Consult your financial advisor before making any decision based on it)
Animesh Vashisht, CFTe
The stock has made a high of 212.40 so far
Levels mentioned in the chart
Alternatively one may consider selling Hindalco Jan expiry
215 Call Option
Lot size 3500
Max profit potential in the strategy Rs 22750
The strategy has an inbuilt loss protection for rise in stock up to 221.50 on expiry day
Take care & safe trading...!!!