Hindalco Breakout on Rising Volumes!
Updated
Hindalco is Ready for its Next Up Leg supported by Rising Volumes and also could give more Fireworks on the back of Positive Earnings.
A stock that is at an All Time High is in Blue Sky Zone and can keep going UP!
Long Hindalco Positional:
- for Target of 480 possibly in May Series itself
- with Stop Loss below 385
Copper and Aluminium Prices are also at Record All Time Highs as per MCX and also on International exchanges.
Hindalco is a Leader in Aluminium and Copper in India, so it too should follow the Base Metal prices in shooting UP!
A stock that is at an All Time High is in Blue Sky Zone and can keep going UP!
Long Hindalco Positional:
- for Target of 480 possibly in May Series itself
- with Stop Loss below 385
Copper and Aluminium Prices are also at Record All Time Highs as per MCX and also on International exchanges.
Hindalco is a Leader in Aluminium and Copper in India, so it too should follow the Base Metal prices in shooting UP!
Trade closed manually
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.