HINDALCO trade ideas
Hindalco Flag And PoleThis analysis is only study purpose.this is not any tip or call. Do trading after your own analysis.
Hindalco is making flag and pole pattern. Wait for breakout. Watch Some Other Factor also like RSI.
Hindalco good short candidate.Hindalco spot cmp320
Good short candidate in range 320-325
view gets violated above 330 levels on closing basis
Down side targets of 303-296-291-285
Time horizon 15-20 trading sessions..
Counter have given breakdown from demand zone of descending triangle formation..
RSI have given breakdown,,,
Good short candidate,,,
Short HindalcoI hope you can now see how HINDALCO represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Hindalco: Breakout Retest on CardsAfter a big rally, Hindalco is showing signs of 1st sustainable breakdown below 21EMA...as long as it stays below 21 EMA a test of 55SMA and breakout retest is on cards
HINDALCO FLAG AND POLENote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
HINDALCO | Flag pattern - Looks good for doublingHINDALCO | Flag pattern - Already multi year breakout occured, momentum looks good for doubling
CMP : 331 (Dip till 320)
SL : 305
HINDALCO Technical chart analysisHINDALCO trading in an Rising wedge pattern, a clear pole and flag is visible in chart.
If breaks above good to go long..
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