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rahuljain21
Oct 23, 2021 7:28 PM

HINDALCO contra buy Long

HINDALCO INDSNSE

Description

Hindalco at short-term trendline support, also near 50 EMA which will act as a strong support point. Historically, in the past year, the stock has reversed most of the time from its 50 days EMA. Can go long here with SL below last swing low of 438, aiming for a target of new ATH of 600, giving a 1:4 R:R .
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