TradingSutra

HINDALCO: BEARISH TRIANGLE

Short
NSE:HINDALCO   HINDALCO INDS
After a sharp decline followed by a consolidation in a triangular structure , hindalco seems about to give a zigzag correction. As per the triangle structure one should sell the stock with SL of 402 and look for the downside target of 365/345 zone .

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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