Tuesday, 16 April 2013

Chart Update : Hindalco Industries

Hindalco Industries Chart:

Hindalco has came out of downward trending price channel and consolidating below resistance zone of 93.5 to 94. Share closed just above 5dhema. Based on moving averages and trend line it can be conclude that 93-94 is a resistance zone. Close above 94 will give breakout to consolidation for target of 98 and 103.. 

So,plan your trade accordingly. 

Raymond chart update: Click here

To follow Pattern trading on Facebook: Click Here

You can also register your mail id on right hand side of blog to receive update straight to your mailbox.

Happy Trading. 

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

No comments:

Post a Comment