Evening star in Hindalco

٩ ديسمبر ٢٠٢٠

After a spectacular rally in Hindalco, we can see an evening star pattern being formed.
Look at the nice red candle formed after the evening star, confirming the pattern's validity.
In my view, it will not go in a reverse direction forever but will only take a pullback.
Target: 230.
(After that trail SL till 210)

١٦ ديسمبر ٢٠٢٠

ملاحظة

This trade is against the trend, so it's wise to keep a tight
stop loss @ 253 (high of the confirmation candle)

١٧ ديسمبر ٢٠٢٠

تم فتح الصفقة

Touched 253, but closed the day @ 245.85. Let's see what happens.

٤ يناير ٢٠٢١

أغلقت الصفقة: تم الوصول للهدف

Target of 230 reached on 21 DEC