Hindalco - Breaking Out from Long Consolidation

It is been observed that the price action is breaking out from a long consolidation range, indicating a strong move to upside.

Target: 215

Stoploss: 200

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Comment:

stoploss revised at 197 on closing basis.

Comment:

Updating chart and stoploss

Stoploss 193.

You may add to your positions around 193-195 levels if it comes down.

Regards

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Hindalco back to 200 levels, shall keep up the momentum.

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Comment:

Chart Updates: Hindalco did come down to 61.8% Fibs levels and reverse back to previous resistance levels. Now, a close above 204 levels shall take it further up.

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Trade closed manually