techtrail

Hindalco: Will It Clear Upper Parallel?

Short
NSE:HINDALCO   HINDALCO INDS
After being rejected at the blue upsloping medianline, the red fork now seems to be in play.
Comment: The early signs suggest that the red fork is in play. If so, then the prospects is not bullish for Hindalco. For the bullish trend to prevail, the stock has to clear the red upper parallel and more importantly, above the medianline of the blue fork.

Caution is the buzzword !!