Being on uptrend from a long time, we can see even more bullishness IF COVID WON'T ATTACK THE MARKET. Wait for the confirmation candle(lets volume confirms first) and then enjoy the bullish ride.
Hindalco Price action For long side view. its been days since i posted something. Here posting something with easy to understand price action chart. Lets see if it works.
Hindalco (NSE Cash) Market cap:785.102B Vol: 5.322M LTP: 360.80 Support: 349.60 Resistance: 369 / 375 Daily charts (long term) The candle that is being made today looks like a reversal because it has bounced back after taking support at the 20 DEMA which is at 349.33 MACD is neutral as it is in the bull zone but the bars are red and there is a slight reversal as...
Price forming a triangle pattern after the huge fall in price. Wait for the price to break the triangle before initiating a trade.
hindalco chart anaysis for intraday and swing trading
I have given buy call to enter from 350 and it had given 7.5% in just 3 days. So, kindly book 80% profit and hold 20% for the final target 385 and 400 . we will reenter after 380. But if I see in short side RR is too good . if you see any 15 min red candle on 19th March then short . SL will be just above the high of that candle. Hope You guys made some...
on lower time frame upward channel breakdown with breakdown - retested. keep it on radar below 354 there is gap too. (short Side) on day time frame RSI -ve diversion with bearish candle but it required followup selling so watch below 354 above 365 view is neglected.
Hindalco can be a good swing trade as per the flag and pole pattern. Levels mentioned on the chart. Trade as per your own risk. This not a call . Just from analysis perspective
NSE:HINDALCO NSE:HINDALCO Hindalco breaking from Flag pattern with good volume Any retracement to mentioned zone 340-335 is good long opportunity Cautious below close of 325
If this breaks the high of the breakout candle, you have to enter . . My SL is below the supporting level
Hindalco weekly channel breakout retest and continuation. Looks good for long entry now with Stop below 300.
The index gave a good breakout yesterday, however the RSI has not been supportive of it. We can expect correction in metals in the coming days.