Saaryaman
Long

Hindalco in it's $4th wave UP

NSE:HINDALCO   HINDALCO INDS
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Hindalco has fallen sharply in last 5 days from a high of 164.70 to a low of 138.55 a fall of more than 26 rupees equivalent to 18% sharp fall in no time.

Stock is now moving up and if the fall is five waves then one can expect the stock to retrace the fall by around 50% to levels of around 150-152.Buy on dips.
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