HINDALCO INDUSTRIES LTDDiupdate Hindalco: In a critical Zone
Head and shoulder formation observed before the big crash. Support of this formation is on 181 rs.
Right shoulder broke the support and a major fall occurred which coincides with Covid situation.
Recovery is happening in a parrallel channel making upper dynamic resistance and lower dynamic support lines.
Today Both the previous support and parallel channel crossed each other.
Hindalco made a High of 186 rs but couldnt sustain the levels & fell sharply to close on 178rs. which is below its critical 181 rs resistance(previous support) line.
Tomorrow's move will decide the further trend of Hindalco.
Nifty is in indecisive mode & most probably a correction will happen soon.
This will give the opportunity to short hindalco.
Nifty correction>> Short Hindalco-- Target 166-168, SL- 185
Nifty Bull Run>>>> Long Hindalco-- Target 196-198, SL- 170
Right shoulder broke the support and a major fall occurred which coincides with Covid situation.
Recovery is happening in a parrallel channel making upper dynamic resistance and lower dynamic support lines.
Today Both the previous support and parallel channel crossed each other.
Hindalco made a High of 186 rs but couldnt sustain the levels & fell sharply to close on 178rs. which is below its critical 181 rs resistance(previous support) line.
Tomorrow's move will decide the further trend of Hindalco.
Nifty is in indecisive mode & most probably a correction will happen soon.
This will give the opportunity to short hindalco.
Nifty correction>> Short Hindalco-- Target 166-168, SL- 185
Nifty Bull Run>>>> Long Hindalco-- Target 196-198, SL- 170
Trading ditutup: target tercapai
Trading ditutup secara manual
Long Target : Reached
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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.