HINDALCO BREAKOUT AND RETEST , EASY 14% GAIN
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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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.