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NSE:HINDALCO made triple top at 200 Looks good to go counter trend at 194 pre empting failure of pattern reversal for target of 188-180 can use Resistance TL as stop Risk trader can add more short once TL break
Hindalco Industries Excellent Long Setup
HINDALCO CMP 171.95 (20 JAN 2017) HOURLY CHART SHOWING - SHORT TERM NEGATIVE TREND RSI - <50 MACD DIVERSION TOWARD NEGATIVE MOVING AVERAGE - BELOW 50 TARGET 1 - 168 TARGET 2 - 165 TARGET 3 - 163
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Hindalco Industries with a target of Rs 176 and a stop loss of Rs 159
WE ARE CURRENTLY IN WAVE 4 AND WE HAVE ALREADY REACHED 23 % MAY BE SOME MORE DOWNFALL UPTO 150 RANGE & THEN WE WILL HAVE AN UPMOVE FOR WAVE 5
HINDALCO - LOOKs LIKE A UPSHOT - PAPER TRADING TGT=182.00 SL=175.00
Hindalco is giving nice technical breakout and can be bought for short term rewarding RR 1:4. If T1 is hit will update you for T2. at T1 exit 50% position and rest trail with breakeven. Thanks.
Hindalco is a short around 160 with target 100 in 5-6 months
Can it break out of this triangle.. close above 167 can infuse new life into this..
HINDALCO to GO LONG AS LONG AS ABOVE 156 - SL=153.00 TGT about 168-170
Reversal of sorts at the higher end of the channel. It should correct upto 125. Extremely favourable risk reward trade. Stoploss at 138.5
It is been trading in channel for few days as showed in the 30mins chart, it is on the move to the downside and I'm looking for a breakout in the 30 mins chart.