HIL moving/consolidating in a channel
Updated
HIL is moving sideways from last week. It takes support at the same price taken last time and resist at the same price taken at last time in 15 minutes timeframe.It is moving in a channel. The 50 and 200 moving average is aslo sideways. Wait for a good breakout with volume. It is good for taking trade for intrady trade. If it gives breakout we are going to get enter in the trade as per the situation.Trade active
As I discussed earlier about the consolidation of HIL from few days. One day ago It has given a breakout in downwards direction with volume that is a good thing. I think it would be a great time to short HIL. The 15 minutes chart is also moving downward. It is a great time to take short position for intraday.Trade closed: target reached
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