TODAY HINDALCO CREATE A HIGH VOLUME ENGULFING PATTERN AND ITS A CHANCES TO BREAKOUT COMMON AREA.
, , HINDALCO
, , HINDALCO
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Dear sir
Please capture the immediate resistance which alone can be the TARGET in the case of long trade plan. The trad e may be successful However as per my observation the entry itself is a task for the scrip w.e.f 24.07.2014. I am not in a position to capture the chart. In analysis any candle with volume will definitely attract us. Please filter as per norms. ALL of us are students in stock market.Happy trading
If we expand the chart .It looks like double top and stays about its resistance . But latest candle is bullish engulfing which is positive sign and not yet broken the resistance . Hence i feel we should be little careful in this trade.