ON BUYING ZONE AFTER BREAKING TRIANGLE PATTERN STOCK CONSOLIDATE BELOW 400 NOW AGAIN ON SUPPORT LEVEL ONE CAN BUY FOR 8% UPMOVE TILL 425 LEVELS WITHIN FEW WEEKS
HINDA trade ideas
HINDALCO SIMPLE TRINGLE PETTERN HINDALCO SIMPLE TRINGLE PETTERN BUY ABOVE 400 FOR TARGET 430 AND SALE BELOW 388 FOR 350.
THIS IS NOT ANY STOCK RECOMMANDAION AND ONLY FOR EDUCATION PURPOSE. PLEASE TRADE AT YOUR OWN RISK.
IT WILL STILL MINT MONEYIn huge uptrend. 5th wave is extended as common for commodities. No sign of shutting of smelter. After forming bearish island reversal to trap BECHARA shorters,ready to melt them away. STATUTORY WARNINGS: This is my personal observation. May or may not come true. Not a trading recommendation.
Hindalco Bullish Trade. Currently in wave 5.Currently in minor wave v of wave primary wave 5.
At least should be breaking the high of wave 3 which lies at 420.
Buy Hindalco with Stop loss of 392 for target of 408Buy Hindalco with Stop loss of 392 for target of 408. Please refer SL in red color line & target on green line.
Hindalco LongShort-term Long trade. Chart is self explanatory.
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HINDALCO symmetric triangle formation
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
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Hindalco Swing TradingHindalco stock price gave a triangle break out pattern. If the stock price closes above 400 in a 1hour time frame. Then we can target 440 in short term.
This analysis is only for educational purpose.
Bearish for HINDALCOWe can clearly see the hanging man (single candle-stick pattern) in the 1D timeframe, which is a signal for upcoming bearish dominance. Moreover, there is a formation of disjoint channel, which is going to open, most likely downwards.
I am new to technical analysis and trading field, So, I need as much support, suggestions and improvements which you all can give on this idea.
Note:
1. Green lines are for entry
2. Blue lines are for exit.
3. Stoploss can be set according to trader's discretion.
Hindalco, SwingHindalco is forming a symmetrical pattern and can break either side of the triangle. A break above can be traded for long position for targets of 411 and 426. A break on the downside can be traded for short position for targets of 380 and 367. A downside break will lead to the price going below the 50 EMA, and the first target mentioned for 367 is the level of 200 EMA.
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
HINDALCO - Possibility of breakout (50-50 chances)Hindalco break out can be considered beyond 400.
- Need to check for Volume and high delivery quantity
- Option call 400 CE has high Open interest.
- 400 will be high resistance area
Once crosses 400, the price can go up 4-5% ( 16-20 points) for short covering.
Note- Idea shared for my personal learning .
HINDALCO - Possibility of breakout (50-50 chances)Hindalco break out can be considered beyond 400.
- Need to check for Volume and high delivery quantity
- Option call 400 CE has high Open interest.
- 400 will be high resistance area
Once crosses 400, the price can go up 4-5% ( 16-20 points) for short covering.
HINDALCO SYMMETRICAL TRIANGLEThe formation of the symmetrical triangle
Possible breakout
Buy above green
Sell below yellow line
HINDALCO - Breakout Trade Can go Long if 400 range is broken with good volume. Shorting opportunity on reversal if 400 range is not broken.
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 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
