HINDALCO: METAL TO METTLE?
アップデート済
Hey There, Welcome Back.
We are not big fans of industries that are on the commodity (Raw Material) side of the value chain, But for those who don't mind, Here is everything you should know about Hindalco.
- A support trendline has been pushing the price up
- An ascending triangle was formed with the recent 6M consolidation
- A breakout candle broke both the AT Range and crucial resistance zone
- The breakout came in as a Bullish engulfing that adds to the positives
- Overall for the last 15 months, the price has been sideways
- If you draw a resistance line from top, We saw a breakout of that too. Not the most reliable trendline, but it still adds to the analysis
- Price is nicely above 200EMA
- Previously the price failed to sustain the 500 mark. What will it do this time?
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
We are not big fans of industries that are on the commodity (Raw Material) side of the value chain, But for those who don't mind, Here is everything you should know about Hindalco.
- A support trendline has been pushing the price up
- An ascending triangle was formed with the recent 6M consolidation
- A breakout candle broke both the AT Range and crucial resistance zone
- The breakout came in as a Bullish engulfing that adds to the positives
- Overall for the last 15 months, the price has been sideways
- If you draw a resistance line from top, We saw a breakout of that too. Not the most reliable trendline, but it still adds to the analysis
- Price is nicely above 200EMA
- Previously the price failed to sustain the 500 mark. What will it do this time?
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
ノート
Below is the chart for Nifty Metal to connect the dots:
ノート
Metals were on fire this week 🔥ノート
Target 1 Done! 10% in 🚀🚀ノート
> 500ノート
ノート
ノート
ノート
ノート
ノート
ノート
Metals are cyclical. hence, Not my first choice.ノート
ノート
Continuation??ノート
ノート
🎯 You can now access our personal charts for all Nifty 500 companies📈
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。