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kiranpatilblt114

Hindalco Intraday and Swing for 03.05.2024- Bullish Signs

Long
HINDALCO INDS (NSE:HINDALCO)  
kiranpatilblt114 Updated   
NSE:HINDALCO   HINDALCO INDS
Support and Resistance Chart Patterns Moving Averages
5
0
supportandresistance chartpattern movingaverage
snapshot

Day TF
Market has broken previous high and retracement candle formed by rejecting the same zone

Day TF
Market has broken previous high and retracement candle formed by rejecting the same zone

15 Min TF
Price is in downward range after breaking consolidation area towards upside.
Previous resistance has converted to support which is strong sign of holding price upside
200 EMA has good support
Wait for price to cross previous LH

Strong Buy:
Above 947. Target(1.4% or 9 points)

Get confirmation from any of the leading indicators before entering trade

Kindy comment below in case of any clarification required on this particular idea.
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snapshot

Trade closed: target reached:
Partial profits booked. Got one more chance to re-enter trade. Now still more powerful chance for bullish
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