Short sell Trade idea

With open high same today even in such a strong opening of market,  Hindalco looks for a short candidate with SL of 278.5 which is upper Bollinger and also near yesterday's high. Its an opportunity for double top in Hindalco.  Strong support looks near 50Moving Average i.e. 257. Which can be a target for Jan Expiry. Previous trading price is around 274 which gives a very good risk reward ratio for traders

Breakout in Hind Copper

To follow me on Twitter
(@JTtime_market):
https://twitter.com/JTtime_market?s=08

https://youtu.be/DnVbWV3XMGc

YouTube के इस लिंक मे हिंदी मे जाने,  क्यो नीवेष करना है हिंदुस्थान काॅपर मे

और दुसरो को भी भेजीये,  जो नीवेष करने के लिए इच्छुक है

Traders active on Social Media might have observed so many Hind Copper Flag pole/Pennant charts even before breakout. Now that breakout have actually happened due to China news of copper production shut down, copper prices have gone up, thereby pushing Hindustan copper prices up.

Traders curios to learn this pattern for trading purpose can go through charts as follows.

Beginners need not worry about whether it is flag or Pennant, I have showed the basic Pennant and Flag pole on the chart and individual traders and Investors can decide on their own as whatever they want to consider. Important is to find pole high to calculate target for fresh rally. in this case, first breakout happened at around 60 and then at 70 it was massive volume breakout which formed the base for the Pennant. Previous rally was from 70 to 110 giving us 40 points and now fresh breakout happened at 95 giving us opportunity for riding this rally upto 135.




Though I have not bought this for technical reasons, but my personal buying happened at around 86(Missed at 60) to ride on copper Cycle, which is a fundamental reason. I have shared the fundamental reason on another post.  Click here to read fundamental reasons. This post is for the traders who wish to learn application of strategies with live charts and want to play short term.



Investors who wished to understand why I personally bought Hindustan Copper,  please click on following link

http://jttime.blogspot.in/2018/01/investing-in-copper-theme-hindustan.html


Happy Investing

Official Twitter account

@JTtime_market

Have created Twitter accounts for share market.  Interested people can follow me👆🏼

Transformers update

Transformers play important rule in electrification and with central government aggressively working on rural electrification,  we see sudden demand for Transformers among Indian players with Bharat Bijlee and TRIL (Transformers and Rectifiers India Limited)

If you see order books of both,  it has recorded historically strong order books this year and expected to grow even more next year.  Voltamp on the other side have dissappointed in terms of order book. FY2018 seems to be dull period for it,  and expecting spike in FY2019.  Need to keep watch on volumes to see any potential in Voltamp.

Already initiated Transformers sector and updated once for dissappointing Q2FY18 results of TRIL.  But still have good hopes to show strong results in Q3 & Q4FY2018

#JTtime.blogspot.com

Happy Investing 💸💸💸💸💸💸💸