2016 was an exciting year for me related to this stock-Hindalco & we had good opportunities in the past.
Blessed with double bottom right in the block hole 147 was something my colleague -Nirav5--highlighted to me (Thanks Nirav5) as tracking so many stocks by an individual is impossible but I try my best. I will like to say sorry to all those-whose request could be missed just because of time shortage at my end.
147-an important low- acted as good support.
What Next? Moving below 160 & sustaining below that could be an opportunity for extreme risk taking traders to be in selling mode. Medium term risk takers can join extreme group if it goes below 150 & finally zero risk trader to sell below 147- recent double bottom low- as we all know going below double bottom-what will happen.
Target Zone Shall be looking for the 125-130 zone
Click the charts & use load bar feature to see the future bars
This is how we moved in 2016
Buying above 170-172---Jumps upside to 184-185
Dark Cloud Cover Candlestick Pattern Makes me bearish in the stock at 180