HINDALCO 1 DAY TRIANGLE PATTERNHINDALCO 1 DAY CHART TRIANGLE PATTERN BREAKOUT
AND IT SUPPORT ON 20 EXPONENTIAL MOVING AVERAGE.
POSITIONAL TARGET ARE: 415 AND 429
HINDALCO trade ideas
Hindalco Trade Setup !!TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
*TRIANGLE CHART PATTERN.*
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 8-10 times.
For anyone tracking Hindalco, it's at a very crucial level.Symmetrical triangle with head and shoulders formation.
triangle pattern in HindalcoTrade can be taken on side it breaks by volume , risk averse traders must delivery percentage after breakout day
Hindalco ~ Topped out ?? Stock has shown negative divergence on daily charts and might be heading for 355-330 levels .. one can short around 385-390 with 402 stoploss .. momentum below 377
CAN IT CROSS THE I-LAND ANYTIME SOON..........DOUBTFULAfter sustained rally, after forming I-LAND whih wil be difficult to cross considering result is out today in a blazing market but it did not responded at all!!SELL on rally towards 395 or above with sl 405 or break of 384-385 with sl 390-392.Standard disclaimer:-this is my personal view-not a trading recommendation,
HindalcoTomorrows open will be crucial
Either it goes up from here so only buy above last candles high
OR
It will find support at 375.20 i.e previous resistance level or around 362-360 levels and then go up
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Hindalco : Triangle patternHindalco is trading in triangle pattern.
Keep eye on it...we can see confirmation soon
TheCharts
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Descending triangle breakoutSame chart as JSW steel in the previous idea. Can be bought for a short term target of 420.
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Happy Trading :)
Long - Above 200 EMA on daily, hourly and 15 mins TF
- Triangle breakout buildup
- decreasing sell volume
Hindalco Might Correct Till 351, before starting rally .Hindalco Might Correct Till 351, before starting rally .
HindalcoCurrently Tracking-
Note - For educational purpose only.
I don't provide paid calls or stock tips.
And that's why -
- No SL
- No Target
- Just a picture depicting the story.
Use it, if it's Insightful. Ignore otherwise.
HINDALCO BULLISHHindalco about to do a beautiful reversal from its strong support and RSI also favoring the reversal trend
hindalco at its support levelwe can see upmove in hindalco if 1hr candle closes above 382.
SL below longterm trendline @365
Tgt 1 : 403
Tgt 2 : 426
