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aakashsawant53
Apr 10, 2019 11:06 AM

hindalco in channel 

HINDALCO INDSNSE

Description

price closing below the channel will result in moving of hindalco price near the support (green line)
there is a divergence between volume accumulation and price. indicating high probability of breaking the channel in downward direction.

Comment

price below the channel lower line.
if closes below the lower trend line then can take short position tomorrow

Trade active

Comment

price is bouncing from 198 level.. which was expected.
should not book the profit. price will continue moving downward. eventually

Comment

place a stop loss of 208.50 for a entry price of 209
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