HINDALCO BREAKOUT AND RETEST , EASY 14% GAIN
Updated
Hindalco Industries crashed by over 12% on Tuesday as a significantly higher spend on capex with lower expected returns for a facility being set up in the US is seen hurting its earnings. however the profits have been trebled QOQ basis . Techincally the stock was in process of forming cup and handle pattern on larger scale however it tanked and went in other direction . The stock has taken support at the previous resistance of 504 which shows that the bearishness in the stock is not going to prevail and it can rally till 622 , and 924 in long term
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TARGET 1 ACHIEVED OF 622 HEADING TOWARDS 900 LEVELS
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