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Long

Hindalco - Possible range breakout and Ascending triangle set up

NSE:HINDALCO   HINDALCO INDS
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PA has formed a range in Hindalco             and one can ride the breakout to the long for targets of 245++ levels. One of two scenarios may be possible.
Scenario 1 - PA will likely test the ascending trend line and retrace for a breakout.
Scenario 1 - PA will breakout at the resistance and move to next higher resistances registered in the past..
Comment: Green lines marks the targets..
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