HINDALCO
has been making a channel for last few days suggesting a channel breakout soon. Since it had a bull run previously and results are already out, there are no more buy trigger in the near future. Close below 263.50 on hourly charts can take it further down. 
Trade closed: target reached:
closed as soon as I realized that results are coming on 13th November
Trade closed: target reached:
Also not moving as expected.