HINDA trade ideas
Hindalco waiting to break out Hindalco waiting to breakout from a symmetrical triangle. You can see the decrease in volume at the bottom. Its accumulating power to breakout upside. SL 380 . first target it will reach 425 and then price may come down for an ascending triangle or it may breakout above 426 for target of 480+
Hindlco@390Hindlco ..buy 359 daily chart zigzag part price move some upside 360 around 390 or 399 levels or seen
Hindalco for LongtermWatchout for Hindalco. Formed a rising wedge patternon monthly timeframe. Any good retest to the marked zone will be a very good safe long term bet for next 10 years.
Buy Hindalco above 370 Hindalco trading below the uptrend support line which might act as resistance in the coming days.
360 previous acted as a resistance is now converted into support zone.
Good to buy above 370 level (CMP 371)
Target - 400/430
Stop-loss 360 on clsg basis.
Looks like a Trend Consolidation and can expect a Downward Fall Looks like a Trend Consolidation and can expect a Downward Fall . If todays chart and patterns shows a clear signal go for Futures Put Buy (PE) at 400 Strike Price. Remember to have a hedge position.
Short term buy opportunity in HindalcoPrice has taken support on 78.6% levels, buy entry trigger above previous day's high. Entry, Target & Stop loss levels given on the chart
HINDALCO 360HINDALCO in daily chart looking. Correction seen abc fored b Patten triangle wait breakout target 360
Hindalco 3/6/21The levels are on the chart , if 400 level is not held strongly it can go way down.
Trade Wisely And Smartly.
