Buy above the trend line for the target of the green line with keep SL below the black line.
High-risk traders can keep the SL for 1045.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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...
Note: This is for educational purpose only.
There seems to be a bullish breakout with high volume. Moreover, RSI is above 60 which indicates bullish momentum.
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...
The kumo cloud is projecting into bearish momentum
but given the upper circuit for only tomorrow
we may buy at 122 for easy targets of 123/124/125/129
All the best
HINDALCO break the trend keep watch and wait for retest...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is...
Guys HINDALCO sell opportunity to keep watch the yellow zone. If don't break up sell Immediately
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully...
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...
