HINDALCO INDUSTRIES LTD
Long
Updated

Hindalco-Bullish Swing- Very good signs of bullish momentum!

936
https://www.tradingview.com/x/ivc765pP/


Buy above 644.05
Risk reward- 01:01
Target & Stoploss- 4.3%


1.Inside bar breakout found with bullish engulfing after forming 3 green soldiers- Good signs of momentum
2.Price has formed double bottom and hammer before reversal
3.Rejection from 0.318 Fibonacci level
4.Resistance turned to support after breakout with retesting
5.Reacted at support from RSI level
6.Very good fair value gap covered and rejected from FVG
7. 21 EMA cross over for reversal confirmation
8. Previous green candles strength are very good


Trade active
Very Good Movement. Hoping to reach target in next two days
Trade closed: target reached
Target Reached!!

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