Today it tested the support of 407 range which is just above the consolidation zone. Which shows now the level 407 range is strong support zone.
Simple Trade setup for 29-07-2021.
Again today it closed above 415 level. If it remains above 415 then it will give good opportunity for buy trade above 415 level. Targets are marked on the chart.
Today, 27-07-2021, it gave perfect breakout of cup and handle pattern with good move and volume. Also our Target hit.
Trade Setup for 28-07-2021.
It closed above 415, which is a good sign.
TOMORROW, if it goes below 415 and then test the support from range of 412.80-413, then go bullish. For Intraday, at least Book your profit or partial...
Today HINDALCO Tested previous resistance of 396 level and that resistance turned in to support today.
This 396 resistance range was breakout with big bullish candle on 15-07-2021. So this type of correction was expected.
Tomorrow, 20-07-2021, if it sustain to trade and follow trendline then there will be up movement. It can face the first...
***** 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 (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...
I have given buy call to enter from 350
and it had given 7.5% in just 3 days.
So, kindly book 80% profit and hold 20% for the final target 385 and 400
. we will reenter after 380.
But if I see in short side RR is too good .
if you see any 15 min red candle on 19th March then short . SL will be just above the high of that candle.
Hope You guys made some...