This stock price is now near its demand zone.
A strong fall is noticed from the resistance zone @620.
on bottom side we have also trendline pushing the price upwards and acting as support.
Find long oppurtunities in this stock from trendline or demand area.
Price is now enters into the daily resistance zone,wait for the price to be bearish
after a strong bullsihness price is facing resistance.
the area of value at 470 price may push it upside again...so keep looking for short side...
this stock is trading in a range...
from several days....wait for the breakout or breakdown...keep add in your watchlist...
if again continue its movement towards upside from the channel or break....
if it moves upside we have resistance @445-450 zone...support is located @400 zone...
observations::
previous demand zone resisting the price to go up...
If price breaks the demand zone price completes...bearish gap.
before going to fill the bearish gap, we have a bullish gap left @410 range...
if this acts as support...we will observe bearish gap be filled soon.
keep track this zones...
Price has given a Buying Signal and has given a Pullback into a Potential Monthly Demand and should shoot to the Resistance formed @ 458.60
ENJOY THE RIDE ! ! !
Price has completed the 5 Wave Impulse in 12 Months Chart this is the last wave of uptrend in Correction as the Trend is in Downward direction, the target of this Long Trade is the Entry price for a Short Trade, so timely exit is as critical as the Entry is...
ENJOY THE RIDE ! ! !
Price has formed a 5 Wave Impulse in Monthly chart, which completes the Wave 1 in the Higher Loop
Currently Price is in Correction forming the Wave 2 in the Higher Loop, which ends in a Demand formed in the 12 months chart @ 284.00 also this is the Price from where the Wave 3 starts,
Focusing on the current Price we are in a simple correction in Monthly...
# MISSED trade#
NSE:HINDALCO
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What happened ?
As u can see in chart, that share price is completely 10% broken down from 550 range;
I was eagerly waiting for shorting this trade(From 12 April);
but due to some work pressure ,I wasn't able to gaze the charts;
And hence I lost a precious trade;
Don't take any trade now since it already moved to the downside...
Hindalco was on the top gainer's list yesterday, registering a gain of approx 3%.
The price action on all the time frames looks positive and it's likely and it could continue the move further on the upside in the coming trading sessions as well.
To continue the upside, the stock should sustain above 380 levels and the immediate resistance it has is around...
after a bullish trend hindalco is loosing momentum and a major correction is expected .
From intraday perspective hindalco can have a selling pressure today. This is just my point of view
