This is just a Simple Trend Analysis of $NSE:HINDALCO.
On this chart, the price has already created a HH and HL, which is a signal of an uptrend.
Apart from that, a Descending Channel breakout is also visible in this chart, whose bias is bullish, hence expecting the price to go up and make another HH.
Also, in the past, the Price has reacted from a Zone; hence expecting it to go up soon by breaking out from the current consolidation.
The Short Term Target could be 465 - 470.
On this chart, the price has already created a HH and HL, which is a signal of an uptrend.
Apart from that, a Descending Channel breakout is also visible in this chart, whose bias is bullish, hence expecting the price to go up and make another HH.
Also, in the past, the Price has reacted from a Zone; hence expecting it to go up soon by breaking out from the current consolidation.
The Short Term Target could be 465 - 470.
Comment:
As expected, and predicted, it is able to make the HH yesterday.
Trade closed: target reached:
And as predicted the target for this trade has been reached.
