Stock Name: HINDALCO
(swing trading)
Entry Point: Considering a positional short opportunity if price sustains below the current support zone with bearish confirmation.
Target: S2, S3 levels based on price action and downside momentum.
Analysis:
HINDALCO is showing weakness after breaking below the support zone near CPR levels. Price structure indicates bearish momentum with lower high formation on the 30-minute timeframe. The setup may continue for the next few sessions if selling pressure sustains.
Disclaimer:
This analysis is shared purely for educational purposes and is not a recommendation to trade. Please perform your own research and consult a financial advisor before making any investment decisions.
(swing trading)
Entry Point: Considering a positional short opportunity if price sustains below the current support zone with bearish confirmation.
Target: S2, S3 levels based on price action and downside momentum.
Analysis:
HINDALCO is showing weakness after breaking below the support zone near CPR levels. Price structure indicates bearish momentum with lower high formation on the 30-minute timeframe. The setup may continue for the next few sessions if selling pressure sustains.
Disclaimer:
This analysis is shared purely for educational purposes and is not a recommendation to trade. Please perform your own research and consult a financial advisor before making any investment decisions.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.