harish1577i

HINDALCO - Range Low

Long
NSE:HINDALCO   HINDALCO INDS
Hindalco has been creating a New channel pattern expanding its range from 29 Jul 2021.
This simple idea aims to use this channel current low as a opportunity to enter and obtain a short term target of Rs . 425 ( Maybe even bigger if breakout happens). Risk involved is the stock price may breakdown the channel bottom and then bounce back. If by any chance the stock breaks down , my stop loss could be Rs . 395 ( differs for everyone ). Now i have made my entry @ Rs . 409

P.S I am Risk moderate trader trying to capitalise short term opportunities

I had published a similar pattern as idea for INFY which gave huge returns recently.
This Idea is only for educational purpose.
Trade active: ENTRY @ 409
Trade closed: target reached: Target Reached 450
Comment: Profit : 41/ Share