HINDALCO 22ND APR 2021

 

 Stop Loss Hit

1)RSI was not at 40 support

2) As per 1:2 Risk Reward our target was Rs.383.50 & stop loss was 353.50.

Strategy   

Candlestick reversal from

1)Price support

2)RSI Support(Rsi near 40)

3)50 period Simple Moving Average Support

4)200 period SMA < 50 period SMA

Time Frame-1 Hour

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