Hindalco has been falling from its ATH of 427.50 from 10th May onwards and has made a Falling Wedge Pattern.
It has broken above with good volumes but the point to note is that it has gapped up and made a spinning top like candle in the 1Hr and 2 Hr candles which is half of the Evening Star Candle Pattern. So in the short term it could see a reversal.
So it would be prudent to go long only after a retest of the trendline and a Bullish confirmation candle for the following targets.
T1-405.50
T2-427.50
It has broken above with good volumes but the point to note is that it has gapped up and made a spinning top like candle in the 1Hr and 2 Hr candles which is half of the Evening Star Candle Pattern. So in the short term it could see a reversal.
So it would be prudent to go long only after a retest of the trendline and a Bullish confirmation candle for the following targets.
T1-405.50
T2-427.50
交易开始
Target 1 Achieved.交易结束：到达目标
Target 2 Achieved
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免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.