HINDALCO INDUSTRIES LTDUpdated hindalco in channel
price closing below the channel will result in moving of hindalco price near the support (green line)
there is a divergence between volume accumulation and price. indicating high probability of breaking the channel in downward direction.
there is a divergence between volume accumulation and price. indicating high probability of breaking the channel in downward direction.
Note
price below the channel lower line.if closes below the lower trend line then can take short position tomorrow
Trade active
Note
price is bouncing from 198 level.. which was expected.should not book the profit. price will continue moving downward. eventually
Note
place a stop loss of 208.50 for a entry price of 209
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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.