THIS CHART GIVES YOU KNOWLEDGW ABOUT HINDALCO CHART ANALYSIS WITH SUPPORT AND RESISTANCE
target 167 positional stop recent high
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.
i was BANNED for violating house rule so i am republishing again without any alteration Sold @ 198.95 Target @ 185.85 Points Earned = 13 lot size = 4300 profit booked =56,330 per lot
Head and shoulder formation observed before the big crash. Support of this formation is on 181 rs. Right shoulder broke the support and a major fall occurred which coincides with Covid situation. Recovery is happening in a parrallel channel making upper dynamic resistance and lower dynamic support lines. Today Both the previous support and parallel channel...
FOLLOW TRADE AT YOUR OWN RISK
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...
Shooting star on daily chart! Short below 163 for 160 with SL at 164.5
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Trend line support - Higher high break out It will Test a support level. Support - 160 , 155 , 152 Target - 168 , 174 , 179
Huge resistance at 160 may go long for more than intraday if crosses 152.30 for the target of 160.
Hindalco 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 /...