Hindalco Positional Trade Idea
Hindalco exhibits a strong reversal pattern from the ₹572 demand zone, breaking above ₹615 with a bullish trend continuation.
Key Technical Levels:
Entry: ₹617 (Post breakout confirmation)
Target: ₹650+ (Potential resistance zone)
Stop Loss: ₹597 (Below key support)
Technical Indicators:
RSI showing positive divergence, indicating momentum recovery.
Increasing volume validates the breakout.
Price crossing above TEMA (5, 9, 20) signals trend strength.
Watch for sustained buying pressure to confirm bullish intent!
#Hindalco #TechnicalAnalysis #TradingIdeas"
Key Technical Levels:
Entry: ₹617 (Post breakout confirmation)
Target: ₹650+ (Potential resistance zone)
Stop Loss: ₹597 (Below key support)
Technical Indicators:
RSI showing positive divergence, indicating momentum recovery.
Increasing volume validates the breakout.
Price crossing above TEMA (5, 9, 20) signals trend strength.
Watch for sustained buying pressure to confirm bullish intent!
#Hindalco #TechnicalAnalysis #TradingIdeas"
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