HINDALCO
Hindalco short 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 the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Hindalco: Chart setup & strategyHindalco
CMP 148
- The stock has resistance at 156-160 range
- red trend line is broken
- orange trend line if taken out, the stock can come down to 136 / 130 levels
Given the set up one may consider One may consider selling if orange trend line is broken. or consider selling on rise closer to 154 / 156
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Alternatively consider selling Hindalco 160 Call option around 4
Lot size 4300
Max profit potential Rs 17200/- per lot
Yield potential 9.5% approximately
In built Loss protection for a rise up to 164 on 30 July 2020
Take care & safe trading...!!!
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Tata Steel: Two possibilities ANALYSIS:
While trading never forget the possibilities, each coin has two sides, market too have two sides.
Everything is clear on the chart.
Possibility 1:
Price might touch 317 levels and move towards 322, 326, 328 levels. From this levels it might fall back towards 316, 310, 303 level.
Possibility 2:
Price might touch 317 levels and move towards 322, 326, 328 levels. Once it crosses this level and floats above it, it might move towards 336 and 342 levels.
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Disclaimer:
The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any securities, futures , options or other financial instruments.
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
Hindalco - there's mettle in Metals.Metal stocks have started staging a smart recovery with every sign of the global economy opening up post the pandemic and the resultant lockdown. Hindalco is one such counter that has seen a positive move. After a consolidation breakout, there was a triangle formation which is usually seen as a continuation pattern. The company also posted results that beat estimates handsomely. All technical indicators are very bullish. Go long above 150 for a target of 165 and a SL of 140. Conversely,if due to global factors, the breakout doesn't materialise, then there could be a short trade only below 140 for a tgt of 125-130 where there is strong support.