NSE:HINDALCO is out from falling wedge, buy the share with CMP 222, with stop loss 212 for a target of 240.
HINDALCO is currently at historical support level. We will wait for the right opportunity before we take any position. Keep it in your watch list
Pls view the chart. It is news based stock as of now. This is for short term only already it is in double top formation sell. So keep strict stoplosss of 207. Vijayaraghavan Kovilpatti
Although I presented the trade on weekly chart yet it would be small swing trade which may take just few days to either hit the targets or stop loss. Partial or full profit booking at first target could be done as overhead supply may hurt the upmove. Some might disagree with my Cypher pattern so I urge them in advance to take it easy :) All nitty gritty details...
Off-late I started investigating more on predicting the next candle for the day and seeing enough success by using the patterns of various indicators. Pine scripting in tradingview has helped a lot to automate everything and create necessary signals. Based on the engine's call, tomorrow (23-Mar-2018) will be a super "GREEN" for Hindalco NSE:HINDALCO Buy above:...
Will like to go short on the above stock , with stop loss of todays high !
Hindalco has been respecting the neckline for a few months now.Currently on the nckline, after making a higher low.
Refer chart : classic Text Book pattern. No Naked trades , Use strategy : 1) Buy 230 Dec calls , sell 250 Dec calls --- My preference. 2) Buy Dec future , Sell 230 Dec call 3) Sell Dec 240 or 250 Put , Buy 220 Put 4) Buy 2 lot 230 call , Buy 1 lot 230 put check what strategy suits you ,And execute your trade . Beware lot size is 3500 , so risk is high , manage...
Hindalco is near strong support line and trying to breakout from small trend line, if succeed then can travel back to it's resistance zone 264-266 levels as shown in charts, and once break past 268 expect to see 280+ in fast & furious mode.
HINDALCO is moving in a pretty good Symmetry. It first moved 12.5% down, then 25% up, now down to 11% down. backk on the Zero line.
NSE:HINDALCO has been making a channel for last few days suggesting a channel breakout soon. Since it had a bull run previously and results are already out, there are no more buy trigger in the near future. Close below 263.50 on hourly charts can take it further down.
Short HINDALCO below 271 T1: 267 T2: 263 T3: 260 SL: 276.5
Hindalco just retested its lifetime high AFTER SEVEN YEARS. currently in breakout/reversal zone.
Hindalco approaching the triangle edge, for a breakout or another leg down.