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🔥 Strategy :
✣ Channel pattern breakout on 1M chart
✣ Good monthly consolidation and weekly too
✣ Good triangle pattern on 1hr and 1d both ( Took trade on Days close as I saw a resistance zone on 1hr that could potentially turn the stock back to same levels)
✣...
NSE:HINDALCO has reversed from on going correction phase past few months. The retest of this move that it showed today will decide for good entry around Rs380
Notes:
Looking at confirming breaks for closes both above and below the marked levels.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Well,it is molten quite a bit since last published. Made quite a few points for followers. Now struggled to gain some ground to upper trend line as envisaged long back( it is abiding by the path drawn like a good student!).One can initiate fresh short trade with sl>383.Standard disclaimer: this is my personal view & mkt may or may not follow. One must use personal...
As metal stocks are in consolidation but still we can keep Hindalco on our watchlist.
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DISCLAIMER:- This is not a call, we are sharing this for educational purposes only. we are not responsible for any loss. Rather use this as educational purposes. Firstly...
The stock is taking support from 50 EMA, volumes are expanding, trading near support zone and RSI taking support from 40. Multiple confirmations to go long.
Too much of Trend line Support
Too little Resistance
Head & Shoulder Pattern
Oversold in MACD (DAY)
Too Much of Consolidation
Metal Sector may Perform again
Tgts 420++
Sl below 350
Its making a running flat correction right now . After this is over look out for a big wave 3 to happen . I would be long in this at the trading edge. Regards
