(Swing / Positional Trade) | RR 1:2+ | Type:- Breakout
Reasons To Trade🤔 :- Good Uptrend Seen After Selloff, Above 200 DMA, Took Support At Fibonacchi Retracement(61.8) Before Breakout.
Entry :- 181+
Stop Loss :- 172
Target :- 193 - 200
(Risk Must Be Managed.)
Keep Your Eyes On Index
😜Follow For More ✔
Give Me A Thumbs Up...👍
The stock has been testing the level for 3 days straight indicating a breakout.
Buy above 175
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for...
Hindalco is one one of my favorite swinging stock.
If it breaks 174.80 strongly then trade as follows:-
On the downward side, if it sees rejections at 163, then the trade should be placed as follows:-
Target: 186 - 201 - 219 - 245
A BUY SETUP FOUND ON BALKRISHNA
BALKRISHNA , A FUNDAMENTALLY SOUND STOCK FOR MEDIUM AND SHORT TERM RETURNS
WEEKLY RESISTANCE BREAK OUT DONE AND RETESTED IN DAILY CHART FRAME
A BUY FROM HERE FOR PHENOMINAL RETURN CAN BE EXPECTED
TAKE CALL ON YOUR OWN RISK
Hindalco is near the support zone. It has trend line support as well as 50 EMA support.
Stochastic RSI is also showing over sold levels.
By looking at the price action it seems like a minor pull back from recent high and the uptrend is still intact. Fibonacci is also showing 23.6% retracement from recent highs.
I am bullish on metals and Bullish on Hindalco as...
I hope you can now see how HINDALCO represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Hindalco is creating base around 175 level. Any closing above 180 may take this towards 200+ levels. Keep an eye on this before the big players take it to new heights. You can also see RSI divergence in the charts
Go long if closes above 180 with SL of 173.