Positional Trade: Buy Hindalco CMP: 401 Target: 427 Stop Loss: 390
Buy HINDALCO IND Above 398 For the Target of 407-421-430 Stop-loss One Day Close Below 20 DMA
All Level Mark for ascending channel breakout looking forward to accept your views.
Hindalco Ind. has consistently been honoring its resistance level and the support level. Higher highs and higher lows showed since 25th February 2021 indicates the uptrend for the stock. Bullish Engulfing candlestick pattern formed at the resistance level with the increasing RSI and recently occurred MACD crossover could be interpreted as the indicators for a...
BUY HINDALCO : - Entry above 395 ☑️ Target = 405 ☑️ Stoploss = 386 ☑️
Symmetrical triangle Pattern Always be extra cautions with breakout trade with confirmations
SHORT-TERM TRADE: HINDALCO LOOKS GOOD FOR 430 LEVELS.
Fundamentally good script.. Can accumulate for the long term. The resistance line broke and the retracement is being taken. BUY.
Go Long above 385.05, for Targets of 399.15, and 413.25 with SL 370.95 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci...
Hindalco 390 #Ghc3BarDecider
Stock has given breakout from its Triangle pattern. Buy above 390, TGT 8 to 10%, SL 375. For educational purpose only. Kindly contact your financial advisor before entering any trade.