jaganath22

Hindalco waiting to break out

Long
jaganath22 Updated   
NSE:HINDALCO   HINDALCO INDS
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+
Trade closed: stop reached

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.