Hindalco - Potential Bullish dragon & W bottom pattern spotted.
Updated
Potential Bullish Dragon & W bottom pattern have been spotted in Hindalco charts. PA is trying to break the trendline highlighted in purple and once it breaks past it may likely move towards 200 levels. A retracement to 183-182 levels may be possible to close the gap of today's opening. RR seems to be good at 183-182 levels for potential targets of 190,195,200 highlighted in red color. Close below 179 pattern may not be conducive for bullish moves.
Note
Targets done!!What next?
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