Hindalco has been creating a New channel pattern expanding its range from 29 Jul 2021.
This simple idea aims to use this channel current low as a opportunity to enter and obtain a short term target of Rs. 425 ( Maybe even bigger if breakout happens). Risk involved is the stock price may breakdown the channel bottom and then bounce back. If by any chance the stock breaks down , my stop loss could be Rs. 395 ( differs for everyone ). Now i have made my entry @ Rs. 409
P.S I am Risk moderate trader trying to capitalise short term opportunities
I had published a similar pattern as idea for INFY which gave huge returns recently.
This Idea is only for educational purpose.
This simple idea aims to use this channel current low as a opportunity to enter and obtain a short term target of Rs. 425 ( Maybe even bigger if breakout happens). Risk involved is the stock price may breakdown the channel bottom and then bounce back. If by any chance the stock breaks down , my stop loss could be Rs. 395 ( differs for everyone ). Now i have made my entry @ Rs. 409
P.S I am Risk moderate trader trying to capitalise short term opportunities
I had published a similar pattern as idea for INFY which gave huge returns recently.
This Idea is only for educational purpose.
Trade active
ENTRY @ 409Trade closed: target reached
Target Reached 450Note
Profit : 41/ Share
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Related publications
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.