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TradeInKey

HINDALCO Under Pullback

Short
HINDALCO INDS (NSE:HINDALCO)  
TradeInKey Updated   
NSE:HINDALCO   HINDALCO INDS
Trend Analysis Harmonic Patterns Chart Patterns hindalcoshort hindalcotrend hindalcoindustries hindalcoanalysis
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trendanalysis harmonicpatterns chartpattern hindalcoshort hindalcotrend hindalcoindustries hindalcoanalysis
Hindalco ltd. in a downtrend nowadays. According to Harmonic pattern & Fibonacci, there are some important levels to short :-

Target 1 - 566.00
Target 2 - 550.00

Trade will be only Confirmed if price close below 580.00 on Daily Timeframe.
Comment:
First Target Achieved by Gap-down.
Comment:
Keep Eye on Hindalco...can catch again If Price Closes below 585.00.
Comment:
it wont be consider a Trend reversal until price close above 605.00.
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