aks85

Hindalco- Symmetrical Triangle- Awaiting Breakout- Potential Buy

Long
NSE:HINDALCO   HINDALCO INDS
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2
As seen after a strong uptrend, price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the daily chart . A breakout with volumes on the upside would be our entry.
It is bullish in larger time frame also.
I will keep this stock in watchlist and review it once it gives a breakout.
Trade active: cmp 163
Comment: As per this pattern target should be around 184, but one can book profit at 180.