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