As per my analysis, it is the best time to take buy entry at 404-405 on NSE:HINDALCO with stop loss of 395 (-10 Points Risk). My expected upside target would be 414 & 433 (If any daily candle closed above level of 415. Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Price has given a Buying Signal and has given a Pullback into a Potential Monthly Demand and should shoot to the Resistance formed @ 458.60 ENJOY THE RIDE ! ! !
Price has formed a 5 Wave Impulse in Monthly chart, which completes the Wave 1 in the Higher Loop Currently Price is in Correction forming the Wave 2 in the Higher Loop, which ends in a Demand formed in the 12 months chart @ 284.00 also this is the Price from where the Wave 3 starts, Focusing on the current Price we are in a simple correction in Monthly...
Hindlaco shows bullish momentum. weekly time frame trying to form flag pattern Intraday Levels marked All levels are education purpose only.