Hindalco channel
Hindalco on Daily as well as 2 hrs charts moving and making a channel pattern, at every end of the channel is making strong green candles and continuous bullish candlestic patterns such as hammer and morning star.
but as the trend is concerned their is a big resistance on the upside which may force it down and change the pattern to bearish flag. therefore wait for the upside till it breach 362- 365 levels.
RSI well placed near 45 - 50 levels, global cues will also reflect the fundamentals of the chart.
following above mid band of bollinger, positive in it as well once but wait for the levels, looks will outperform in coming days and weeks.
Disclaimer : views are personal please take advise from your adviser before entering the stock.
but as the trend is concerned their is a big resistance on the upside which may force it down and change the pattern to bearish flag. therefore wait for the upside till it breach 362- 365 levels.
RSI well placed near 45 - 50 levels, global cues will also reflect the fundamentals of the chart.
following above mid band of bollinger, positive in it as well once but wait for the levels, looks will outperform in coming days and weeks.
Disclaimer : views are personal please take advise from your adviser before entering the stock.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.