HINDALCO - Cup n Handle Pattern - 12% upside potential
HINDALCO has formed Cup n Handle pattern with 488-490 being resistance zone.
It has to give 2 HR candle close above 490 level to confirm breakout with supporting volume.
Target: 545-550 range in 10-20 days
SL: Hrly candle close below 481
It has to give 2 HR candle close above 490 level to confirm breakout with supporting volume.
Target: 545-550 range in 10-20 days
SL: Hrly candle close below 481
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.