Hindalco Can be bought at levels suggested, i.e. from 95 to 82 levels (multiple support zone i.e. 95, 85-86, 67, 58) with
further slide till 55 levels is possible in worst of the scenarios
However one should consult their financial advisor before making any decision to buy or sell equities
HINDALCO break the trend keep watch and wait for retest...
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...
On this hourly chart of Hindalco W.(A) and W.(C) are exactly equal, also W.2/B completing at the 78.2% retracement suggests that the Zig Zag correction may have completed to the downside and hence a new leg up can be expected from here on with small risk below the current swing low.
For further confirmation we need to wait till the market goes above 230 and gives...
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...