Reason for long a) QQE in super bull mode b) Green channel Support c)Vwap Support d) Weekly breakout possible e) SL compulsory f) Triangle breakout in green channel
📊 Script: HINDALCO 📊 Nifty50 Stock: YES 📊 Sector: Non Ferrous Metals 📊 Industry: Aluminum and Aluminums Products Key highlights: 💡⚡ 📈 There was a huge gap down on 13th Feb so, Script may fill the gap. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 558 🟢 Target 🎯🏆 - 593 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new...
Hindalco was oscillating in the Range of 500 to 540 from past many sessions Recent the price gave Breakout above Range and came near upper end of channel pattern Let's Track the price movement from here, If it give Breakout above the pattern or comes back into the Range * For Education Purpose Practice and Learn Price Action Setups
Hindalco buying opportunity 550-520 positional trade with SL 500 expected TGT 580-600 CMP 560.25
hindaldo a volitile share and most of the time it follow a range bound as you can see buy @530 and target you will get 620
Good chart structure Buy above 550 Target 568/590/610 Stop loss 525 I am just representing my views. For educational purpose only.
stock looking good above 541 stock consolidated in a range create resistance at 540/541 on monday if stock open below 540 once take resistance on 540/541 and make higher low then break high 541 it will go up NOTE: only for educational purpose RULE: 1: always trade with stoploss 2: decide your risk per trade and per day 3: believe to your analysis 4: stay positive...
HINDALCO At Resistance of a Range Keep an eye Positive if sustains above 543 But till then cautious till below resistance zone
Date : 09-03-2024 NSE:HINDALCO -------------------------------------- Buy Hindalco above 538 Target of 571-613-654 SL 461 Strategy : SBO + Lower Channel Duration few weeks Please consult your financial advisor before investing All research for educational purposes only.
Stock can be kept on radar After crossing 530 levels it can held up to 538 and 560 levels also Support placed near today's low 515 I am just representing my views. For educational purpose only.
Stock can be kept on radar After crossing 530 levels it can held up to 538 and 560 levels also Support placed near today's low 515 I am just representing my views. For educational purpose only.
Hindalco showed significant resistance around 500 rupees. Currently trading at 525. Can go to 575 in short term. Stop loss at 500.
In the Weekly Chart of HINDALCO , we can see that, it has retested and created a Hammer candle on trendline. Enter on breaking its High with Low as SL.
1. Trend bullish 2. Set up: Breakout & Retest 3. RR 1:5.5+ reversal trade set up 4. Double bottom at retest
This is the classic example of trend breakdown if close 200 ma than more down side can possible.. do not buy put in deep buy put in up move.. keep stoploss as per given above the level.. next if any stoploss revise than update you
Elliott- thats a zig zag corrective pattern on the 4hr chart. C leg is complete. Hence new five wave should begin from here. Fib- the extension is indicating the 495 and 475 as strong support. The counter reversed from 495. Fib confluence is at 500 and then 466. Hence any dip to 466 will be a welcome opportunity. Conclusion- zig zag is a bullish corrective...
Usually I don't trade in a "Falling Knife" scenario and definitely don't recommend others as well. But the volume on the fall and that days low (496.35) not being broken is indicative of the stock being bought by strong hands. Yet you never know... So trade this one with extra caution with low quantity and a stop loss of 496 (red dotted line) on closing basis....
Reason for long a)Trendline b) Engulfing set up c)Pull back d)channel support e) QQE about to give long f) SL compulsory