Took support from the clouds and respected 50 EMA and moving up. Took an entry at 245. First target is 263 and second target 275. Expecting this run to make new highs. Stop at 239.
Broke the LL and breaks out to the upside. Stop at 231
Refer chart : classic Text Book pattern. No Naked trades , Use strategy : 1) Buy 230 Dec calls , sell 250 Dec calls --- My preference. 2) Buy Dec future , Sell 230 Dec call 3) Sell Dec 240 or 250 Put , Buy 220 Put 4) Buy 2 lot 230 call , Buy 1 lot 230 put check what strategy suits you ,And execute your trade . Beware lot size is 3500 , so risk is high...
Hindalco Industries (NSE: HINDALCO) is about to give away its control to the bears to trigger Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 261 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers. For Short-term targets, Trader should eye on 255...
NSE:HINDALCO made triple top at 200 Looks good to go counter trend at 194 pre empting failure of pattern reversal for target of 188-180 can use Resistance TL as stop Risk trader can add more short once TL break
Hindalco Industries Excellent Long Setup
HINDALCO CMP 171.95 (20 JAN 2017) HOURLY CHART SHOWING - SHORT TERM NEGATIVE TREND RSI - <50 MACD DIVERSION TOWARD NEGATIVE MOVING AVERAGE - BELOW 50 TARGET 1 - 168 TARGET 2 - 165 TARGET 3 - 163
WE ARE CURRENTLY IN WAVE 4 AND WE HAVE ALREADY REACHED 23 % MAY BE SOME MORE DOWNFALL UPTO 150 RANGE & THEN WE WILL HAVE AN UPMOVE FOR WAVE 5
HINDALCO - LOOKs LIKE A UPSHOT - PAPER TRADING TGT=182.00 SL=175.00
HINDALCO to GO LONG AS LONG AS ABOVE 156 - SL=153.00 TGT about 168-170
Reversal of sorts at the higher end of the channel. It should correct upto 125. Extremely favourable risk reward trade. Stoploss at 138.5
It is been trading in channel for few days as showed in the 30mins chart, it is on the move to the downside and I'm looking for a breakout in the 30 mins chart.