Nkrish

HINDALCO - Possibility of breakout (50-50 chances)

Long
NSE:HINDALCO   HINDALCO INDS
Hindalco break out can be considered beyond 400.
- Need to check for Volume and high delivery quantity
- Option call 400 CE has high Open interest.
- 400 will be high resistance area

Once crosses 400, the price can go up 4-5% ( 16-20 points) for short covering.

Note- Idea shared for my personal learning .

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