Hindalco has been creating a New channel pattern expanding its range from 29 Jul 2021.
This simple idea aims to use this channel current low as a opportunity to enter and obtain a short term target of Rs. 425 ( Maybe even bigger if breakout happens). Risk involved is the stock price may breakdown the channel bottom and then bounce back. If by any chance the stock breaks down , my stop loss could be Rs. 395 ( differs for everyone ). Now i have made my entry @ Rs. 409
P.S I am Risk moderate trader trying to capitalise short term opportunities
I had published a similar pattern as idea for INFY which gave huge returns recently.
This Idea is only for educational purpose.
This simple idea aims to use this channel current low as a opportunity to enter and obtain a short term target of Rs. 425 ( Maybe even bigger if breakout happens). Risk involved is the stock price may breakdown the channel bottom and then bounce back. If by any chance the stock breaks down , my stop loss could be Rs. 395 ( differs for everyone ). Now i have made my entry @ Rs. 409
P.S I am Risk moderate trader trying to capitalise short term opportunities
I had published a similar pattern as idea for INFY which gave huge returns recently.
This Idea is only for educational purpose.
Trade attivo:
ENTRY @ 409
Trade chiuso: obiettivo raggiunto:
Target Reached 450
Commento:
Profit : 41/ Share
