me_rishabh

NEGATIVE DIVERGENCE ON MONTHLY T/F.

NSE:HINDALCO   HINDALCO INDS
This has to happen because of the negative divergence over RSI on monthly time frame. Now, there could be two scenarios once it reaches its support, which you can clearly articulate from the chart itself. But according to various reports on commodities cycle, it's just getting started, so there are high chances it will bounce from its previous demand zone.

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