Monday, March 03, 2014

Hindalco Trade Strategy

Hi Friends,
                   Hindalco has been out of touch for long time
slow sideways move followed b y good fall.
Lets look at the chart.
Hindalco Trade Strategy
From the chart we can see
Hindalco did one triangle
shown with green colour
followed by a rising wedge
shown in yellow colour.
After which it witnessed
nice fall wxy ie 2 abc's
joined by a x wave
.The interesting thing
is w is almost equal to y
Here we can have a long trade

Stop would be strict at little below 97 and it should be bought in dips or above 107.50
it has a potential yo do 115 in short time.


chakravarthy said...

Do you expect any further upside

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