Hindalco- Symmetrical Triangle- Awaiting Breakout- Potential Buy
As seen after a strong uptrend, price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the daily chart . A breakout with volumes on the upside would be our entry.
It is bullish in larger time frame also.
I will keep this stock in watchlist and review it once it gives a breakout.
It is bullish in larger time frame also.
I will keep this stock in watchlist and review it once it gives a breakout.
Trade active
cmp 163Note
As per this pattern target should be around 184, but one can book profit at 180.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.