Bullish Aluminium | Expect good ROI
Aluminium went on a profit booking a few days back, now the market structure looks good for a buy.
If a 4H candle closes above 192.45 that's when the entry for buy(Aggressive buy). At 4H there is a proper ascending trend line, now the CMP has taken support over the ascending trend line.
Can expect a target of 208 in a month, and another target of 218 might take another month.. A good ROI can be expected.
SL I can project once the correction trend is reversed.
Tips: Once you enter the market, whenever there is a correction before you reach target try the PUT option in HINDALCO(one of the largest Aluminium manufacturers in India) for hedging.
If a 4H candle closes above 192.45 that's when the entry for buy(Aggressive buy). At 4H there is a proper ascending trend line, now the CMP has taken support over the ascending trend line.
Can expect a target of 208 in a month, and another target of 218 might take another month.. A good ROI can be expected.
SL I can project once the correction trend is reversed.
Tips: Once you enter the market, whenever there is a correction before you reach target try the PUT option in HINDALCO(one of the largest Aluminium manufacturers in India) for hedging.
Transaction en cours
Market came down a bit so the new Trend reversal was 188.85., now the 4H candle has closed above the 188.85, go for a buy(aggressive buy). Those who need a conservative trade wait for the retest.
SL : 178.75
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.