Description
⋅ 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.