Friday, November 22, 2013

Hindalco low risk trade

Hindalco broke out above 118 recently, and has given a good pullback.

Longs can be taken with a stop below 115.5.

A typical pole -flag pattern gives a target of `131 - 133.


2 comments:

Girish said...

Are you still bullish on nifty till expiry ??

any views on nifty based on your study of OI, PCR??

any comments would be greatly appreciated.

AP said...

yes, but max pain is a bit confusing this time; anything between 6050 and 6150