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Hindalco

Discussion in 'Technical Analysis' started by mohdjamil27, Aug 20, 2012.

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  1. mohdjamil27

    mohdjamil27 New Member

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    Below 112-114 Hindalco will be a good short sell for target of 105.
     
    mohdjamil27, Aug 20, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Is it a query or your views?
     
    shabbir, Aug 20, 2012
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  3. sujan4bw

    sujan4bw Member

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    It has formed Head and shoulders pattern and also bearish pattern.

    It can be shorted below 111. See attached printscreen
     

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    sujan4bw, Aug 20, 2012
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Sujan ur absolutely right it has formed head & shoulder as well as rectangle pattern too which u can say trend channel also and the stock is in down trend from so long and currently when the market is positive it is negitive from last 4 trading session, Below 112 it will fall and I think this time it will break the 105 support too.
     

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    sanjay_sansanwal, Aug 20, 2012
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  5. sujan4bw

    sujan4bw Member

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    Hindalco can be shorted now, it is trading at 110.5 now.

    Heads up, it has got support at 105, 106.
     
    sujan4bw, Aug 21, 2012
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