Hindalco - Looks weak

Updated
Hindalco looks like is consolidating just near immediate support and is ready to provide another leg of fall. I had given caution around 25th Jan in few groups to stay away from Metal ....

Expecting some more pain in Metals unless recent swing highs are taken out ...


Trade active
Wait for setup to be active ....i.e. breakdown of the range on downside ...
Trade active
Yesterday was more of expiry adjustments, new series day 1 - down by 3% :)
Trade closed: target reached
400 done and dusted psychological number will act as good support now and more selling pressure only if it breaksdown 400
Note
As mentioned below 400 it made a new low of 383 ... snapshot
Chart PatternsHINDALCO

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