BNF & Hindalco made double tops and could not sustain above the previous highs. Shorted below failure to sustain candles (BN 15350) and took profit at resistance near 15220.
Showing posts with label Hindalco. Show all posts
Showing posts with label Hindalco. Show all posts
August 5, 2014
BN, Hindalco double top
BNF & Hindalco made double tops and could not sustain above the previous highs. Shorted below failure to sustain candles (BN 15350) and took profit at resistance near 15220.
August 4, 2014
Hindalco Aug Future 5 min Chart
Today BNF trade stopped out due to tight stop loss.
Missed earlier oppertunity to short Hindalco at 188 on IR(initial range) BOF(breakout failure).
Bought at BPB @187.25, and took profit early at 190.5 at closing hours.
Decision to buy was prompted due to size of candles during correction from days' high of 189.30 to 186. The candles were small. The correction took more time than value. It was bouncing from a 61.8% level of previous rise from 184.3 to 189.3.
April 17, 2014
April 16, 2014
Hindalco completes its correction
It seems to have completed its correction and now has started to move up.
February 26, 2014
Hindalco
Hindalco seems to have completed its correction and has started to look up. Buy with a stop loss of 2 Rs.
Petronet LNG has completed its correction and is going strong.
Petronet LNG has completed its correction and is going strong.
February 18, 2014
Hindalco
Hindalco can be a good bet from here on upside. SL 97.5.
12.35: Exit Hindalco. Not showing enough strength.
12.35: Exit Hindalco. Not showing enough strength.
December 5, 2012
Hindalco at Resistance Zone
Price at 200Dema. Upmoves resisted earlier at 124-130. Upmove will be confirmed only above 130.
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