Elliot wave Analysis # Bullish Sequence Buy on Dips

Sector: Non-Energy Minerals

Industry: Other Metals/Minerals

Hindalco Industries Ltd. engages in the production and marketing of aluminum and copper products.

Technical View:

Nice Buying opportunity will be seen for Hindalco @ 182.50 to 185 odd levels, with the Invalidation of 172.50, and Target of 225 to 230 odd levels in coming 2/3 months horizon. Overall its a Positional call ( Holding 1 to 90 days)
The price should retrace (correct) at least 38.2 to 50% from CMP to 182.50 level.

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