ElliottWaveInsights

Shorting opportunity in HINDALCO

Short
NSE:HINDALCO   HINDALCO INDS
As observed, HINDALCO is currently exhibiting a pattern indicative of a wedge formation, with clear adherence to both support and resistance levels. It appears to be nearing the conclusion of this wedge formation, likely completing the e wave. Furthermore, an additional wedge seems to be forming atop the existing structure. Should the 12345 wedge sequence break, it presents a compelling shorting opportunity. This setup aligns well with established trading principles and warrants careful consideration for potential profit capture.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.