Hindalco Industries – 14.02.2018.

Daily Sentiment: Neutral.

Weekly Sentiment: Bullish.

Trend Strength: –

First Target: –

HINDALCO is forming Double Top pattern. Actually it has formed already 99% of it, need only close below 229 to confirm pattern.

While HINDALCO holds below Pivot point this is very likely scenario.

Close below 229 would result in more than 20% fall towards next support zone which is main target.

Close below it would confirm further weakness.

Close above Pivot point is what bulls need right now.

Of course, it does not guarantee further rise but chances would increase significantly.


Share Your Thoughts

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Powered by WordPress.com.

Up ↑