HINDALCO, Double Top formation continuing!
This is in continuation of the idea I published yesterday.
HINDALCO closed at Rs. 182.25 today. It gave Rs. 3.80 which is 2% on the short side. The possible double top chart formation is under process & can be confirmed only after the stock breaks the support at Rs.181 & moves further down with high volumes.
Indicator used TE REKAB, it captures reversals in the market.
This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of an intra-day trade !!
HINDALCO closed at Rs. 182.25 today. It gave Rs. 3.80 which is 2% on the short side. The possible double top chart formation is under process & can be confirmed only after the stock breaks the support at Rs.181 & moves further down with high volumes.
Indicator used TE REKAB, it captures reversals in the market.
This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of an intra-day trade !!
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.