NSE:HINDALCO   HINDALCO INDS
I am taking a position in Hindalco for a long Trade.
The idea behind the Trade:
1) RSI is positive and has shown a convergence breakout.
2) Golden Cross Over just after the breakout of the Channel.
3) Although the Shorter super trend hints at a Buy Signal, the longer super trend still shows a Downward trend. So you can wait for the trend to turn fully green. But as RSI breakout is supporting my view, hence I am proceeding with the trade.

First Target is 506.
The second Target is 545.
Stoploss is 453.35, You can take some buffer.


Trade active: The stock is moving at the same level for the last two days. I am holding my position
Trade active: Almost near First Target.
Trade closed: target reached: Target achieved at 506. I am closing my Trade. You may continue to check if the Second target gets achieved. The stock is still bullish with a resistance at 510
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