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Hindalcoshort

Hindalco Bearish Move Possible retest for HINDAlCO INDS. Demand could change into supply. Sinds the end of March Hindalco has been facing a strong downtrend. Which could be resulting from the high Dividend payout Q1 2022 as investors have taken profit both from the bullish run and it's dividend higher payout. Approaching the shorter time frames for a more intra-day trade, there is possibility for shorting. The stock's volume is corresponding with a most likely retest, as their is a little barrier occurring right at the previously mentioned formed supply. I recommend a risk reward of 3 due to the enormous selling pressure. - David van Delden
NSE:HINDALCOShort
by ImperialTrading
HINDALCO'S SHOULDER BROKEN !!! # MISSED trade# NSE:HINDALCO { What happened ? As u can see in chart, that share price is completely 10% broken down from 550 range; I was eagerly waiting for shorting this trade(From 12 April); but due to some work pressure ,I wasn't able to gaze the charts; And hence I lost a precious trade; Don't take any trade now since it already moved to the downside target; } What is Head-shoulder pattern?? { it's similar to human body; human have one head and two shoulders; In the same way the stock price moves from right to left shoulder by overstepping head; Even the situation may turn vice-versa; We will mark the shoulder line ,in the above chart the shoulder line was around 550; if shoulder line broke down ,then there is a huge probability of stock following the trend; i.e., if it's down trend then it moves further huge down till it reaches a supporting level; or vice-versa; } Moral of the story :- { Always Watch charts, NO matter what it takes; One good aimed trade better than 10 blind trades; Wait for chance, and grab the trade; Have price alerts for trades, since u cannot focus all time; } HAPPY TRADING { Follow for More exciting trades.. @VK2413 Show your ❤️by 👍to the idea.. Please express the trades You missed in comment section..! }
NSE:HINDALCO
by VK2413
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