HINDALCO sell initiate for 21 Nov 2018 using 1 hour chart based on Fibonacci levels, check below Sell level : Sell Below : 219.85 Stop Loss : 222.4 Target : 217.4
Can be a buy at support if it holds TGT-205, SL-192
In the DAILY timeframe HINDALCO forms the BULLISH GARTLEY pattern...so we can enter the LONG as per the RR shown in the chart..
Long if it breaks the high of the previous day with a stop loss at the previous day's low. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Took support from the clouds and respected 50 EMA and moving up. Took an entry at 245. First target is 263 and second target 275. Expecting this run to make new highs. Stop at 239.
everything is explained in chart & correction can go upto 216 price level. lets see what happens.
Broke the LL and breaks out to the upside. Stop at 231
TYPICAL BREAKOUT WITH A GAP.. IT WONT STOP ONCE FINISHED ITS CONSOLIDATION. TARGET PRICE 250.
Hindalco CMP 220 Target 180 Stop 237 APART FROM THE TRADE SETUP, I HAVE ALSO EXPLAINED THE MOST IMPORTANT ASPECT WHICH IS POSITION SIZING AND RISK MANAGEMENT. THIS FORMS 80% OF A TRADING STRATEGY AND THE BALANCE 20% IS THE TRADING SETUP. FOLLOWING THIS WILL INCREASE THE PROBABILITY OF SUCCESS IN TRADING BUSINESS. Higher time frame (weekly). 1) Stock has...
Refer chart : classic Text Book pattern. No Naked trades , Use strategy : 1) Buy 230 Dec calls , sell 250 Dec calls --- My preference. 2) Buy Dec future , Sell 230 Dec call 3) Sell Dec 240 or 250 Put , Buy 220 Put 4) Buy 2 lot 230 call , Buy 1 lot 230 put check what strategy suits you ,And execute your trade . Beware lot size is 3500 , so risk is high...
Sell Hindalco below yesterdays low . Price closing below the Kumo ..future cloud still bullish ...TGT 240-35 SL 270