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...
Nearing resistance line May be reverse form here.
Holding above 420 can give movement up to 450 levels also. Let see.
Need gap up opening above 420 then retrace then further upside can. ?
If flat or negative open then will go down ?
Nearing resistance line May be reverse form here.
Holding above 420 can give movement up to 450 levels also. Let see.
Need gap up opening above 420 then retrace then further upside can. ?
If flat or negative open then will go down ?
According to the present date and conditions, I am looking Hindalco on a bearish side according to the technical side.
There were multiple factors making this stock bearish.
1. Stock pattern was in the downtrend.
2. Failing to cross and sustain above important resistance
3. Stock price below important moving average levels.
Only we can turn bullish on this stock...
As per my analysis, it is the best time to take buy entry at 404-405 on NSE:HINDALCO with stop loss of 395 (-10 Points Risk). My expected upside target would be 414 & 433 (If any daily candle closed above level of 415.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
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 ! ! !
Observations:
----->> The stock is trading in a range bound for long time.
------>> now its trending downwards in 15min time frame and now its near to support again, if support breaks will see downwards up to 420 range.
------->> we have a trendline resistance as well, if breaks will again move back to 445-450 range.
------->> keep an eye on these levels.
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...
#Hindalco... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
in HINDALCO we will take a long trade,this content is made for learning and educational purposes only. we are not responsible for any losses or profits.
