hindalco in channel

price closing below the channel will result in moving of hindalco price near the support (green line)
there is a divergence between volume accumulation and price. indicating high probability of breaking the channel in downward direction.

Kommentar:

price below the channel lower line.
if closes below the lower trend line then can take short position tomorrow

Trade ist aktiv

Kommentar:

price is bouncing from 198 level.. which was expected.
should not book the profit. price will continue moving downward. eventually

Kommentar:

place a stop loss of 208.50 for a entry price of 209