1) On 15 min Time frame, we can see that it had made hidden bullish divergence and gave good upmove on 3rd sept from the intraday low made on 3rd sept.
Please refer below chart : 15 min time frame.
2)On Daily Time frame we can see that on 3rd sept it has clossed above earlier resistance...
1) On Daily Time frame you can see that it has followed FIB levels perfectly and immediate critical support level is 458.
Please refer below chart : Daily time frame.
Trade Setup for Date 02-09-2021:
1) Don't Jump in to trade at the beginning of...
It is still the same level.
All levels will work as support, resistance, Entry and Target with respect to price action on particular day near that level.
Do comment if you have any doubt or suggestion.
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
The above references as an opinion and is for information purposes...
Hindalco Looking for a buying opportunity
If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis
Hindalco (NSE Cash)
Resistance: 369 / 375
Daily charts (long term)
The candle that is being made today looks like a reversal because it has bounced back after taking support at the 20 DEMA which is at 349.33
MACD is neutral as it is in the bull zone but the bars are red and there is a slight reversal as...
Hindalco is looking bullish in both long term and short term perspective. For short term enter only above 363 with the target of 406 and stop loss of 346.5.
This is only for educational purpose. Trade with your own risk.