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.
As mentioned it is a rising wedge pattern and hence the downside will be too much if it breaks the wedge pattern.
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 4hr chart is showing that it's in strong demand zone & stochastic is also confirming it.
Hindalco break Supplyzone (Ready to go Long) Target 212 & 214 & 218
HINDALCO make AB=CD pattern keep watch 230 zone
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...