hindalco in channel

١٠ أبريل ٢٠١٩

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.

١٢ أبريل ٢٠١٩

ملاحظة

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

١٨ أبريل ٢٠١٩

تم فتح الصفقة

٢٣ أبريل ٢٠١٩

ملاحظة

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

٢٩ أبريل ٢٠١٩

ملاحظة

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