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...
Buy if sustains above 260 for the targets of 267 and 272. Happy Trading! InvestPro India Team
Go long on weekly closing above trendline for T1 - 220 , T2 - 250 , T3 - 280 ( all time high )
last we short of 50 paisa for target, again re-enter for the target to get 5%
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.