ElliottWaveInsights

Shorting opportunity in HINDALCO

Kort
NSE:HINDALCO   HINDALCO INDS
As observed, HINDALCO is currently exhibiting a pattern indicative of a wedge formation, with clear adherence to both support and resistance levels. It appears to be nearing the conclusion of this wedge formation, likely completing the e wave. Furthermore, an additional wedge seems to be forming atop the existing structure. Should the 12345 wedge sequence break, it presents a compelling shorting opportunity. This setup aligns well with established trading principles and warrants careful consideration for potential profit capture.

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