ms555

Hindalco On verge of breakout(High Risk)

Long
NSE:HINDALCO   HINDALCO INDS
5
Hindalco is in verge of breakout in 1-3 weaks time as it generally consolidate in a range for 10-12 weaks to start a fresh upmove.
Here it has already spent 10 weaks in 198-182 range.
But this time fundamentals are quite lackluster for metals thats why it will be a risky trade.
BUT ITS WORTH TAKING

Target -230,240,250

Sl- 174(weakly closing basis)
Comment: Hindalco near 200 lets hope for a breakout!
Trade closed manually: Exit cmp@200 with 10 Rs gain 1:1RR
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