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.
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price below the channel lower line. if closes below the lower trend line then can take short position tomorrow
Trade active
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price is bouncing from 198 level.. which was expected. should not book the profit. price will continue moving downward. eventually
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place a stop loss of 208.50 for a entry price of 209