After a brief consolidation the stock looks ready for another up move above 260 it might head towards 265/270/275 SL can be placed below 252 All trading strategies and ideas shared are to be used at your own risk.
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HINDALCO Industries - Approaching Ascending parallel channel resistance zone R4 at monthly TF Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Hindalco is consolidating and making Symmetrical Triangle Looks Good for Long above 249 Level Weak Below 241.50 Level for Short Trade Between 241.50-249 Avoid Trading
Sustaining above 248 might push towards 252/256/266 levels. For such simple analysis and highly accurate predictions see my other charts. Regards
1) Wait for breakout and retest for accurate entry 2) If gap-up confidently take long 3) If resistance is strong , no trade . 4) 2 targets ate given , safe book at 1st target , trial to 2nd target if you’re an active trader .
A,B, and C corrective pattern is started or New Elliot Wave motive cycle is already started? Harmonic Patterns exist. We have to go lower timeframe for more clarity to determine tradable numbers. Let's compare Elliot Wave of HINDALCO: Longer & short TF - TimeCycle, NALCO. => Fundamental & Hindalco of the % move > relative to NALCO.
Channel BO and touched resistance at 255 . Now pulled back before continue to ATH 284, next resistance 267 to watch
Weekly TF: The Hindalco of the % move , more in the calculation of NALCO(NSE:NATIONALUM). Nalco moves Supreme Court against Vedanta’s unit.
Hindalco has given a great move every time. The scrip might dip towards 240/37. If sustains below 245. See my other charts for highly accurate prediction and simple analysis. Regards.
Short at 260-265 sl 271 target 220. Disc : It's not an investment adivse to buy or sell
Above 221-222 Open for 235 and 250 Positional basis on closing basis
THIS IS FOR EDUCATIONAL PURPOSES ONLY
Hindalco seems to be bullish for 222/225/230 if holds above 218 levels. Regards