Get started

HINDALCO

HINDALCO, Double Top formation continuing!This is in continuation of the idea I published yesterday. HINDALCO closed at Rs. 182.25 today. It gave Rs. 3.80 which is 2% on the short side. The possible double top chart formation is under process & can be confirmed only after the stock breaks the support at Rs.181 & moves further down with high volumes. Indicator used TE REKAB, it captures reversals in the market. This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart. Happy Investing ! PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of an intra-day trade !!
NSE:HINDALCOShort
by c4dilip
#Oct15 - Hindalco (intraday+swing) - Major ResistanceThe stock has been testing the level for 3 days straight indicating a breakout. Buy above 175 Note: 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 educational purposes only. always follow risk-reward and quantity management for the 100% of the times The above mentioned idea may not work, so beware of the risk you are taking Follow me on tradingview to get such intraday and swing picks everyday. Happy Trading!!
NSE:HINDALCOLong
by FAHEEMSAM