Bearish for HINDALCO
We can clearly see the hanging man (single candle-stick pattern) in the 1D timeframe, which is a signal for upcoming bearish dominance. Moreover, there is a formation of disjoint channel, which is going to open, most likely downwards.
I am new to technical analysis and trading field, So, I need as much support, suggestions and improvements which you all can give on this idea.
Note:
1. Green lines are for entry
2. Blue lines are for exit.
3. Stoploss can be set according to trader's discretion.
I am new to technical analysis and trading field, So, I need as much support, suggestions and improvements which you all can give on this idea.
Note:
1. Green lines are for entry
2. Blue lines are for exit.
3. Stoploss can be set according to trader's discretion.
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