HINDALCO
SHARP V RECOVERY IN HINDALCO !!!NSE:HINDALCO
What will happen next ???
Hint:- {
Today it faced again resistance @ its all time high..
it's a buzzing stock in market too...
it's Almost making double top...
}
Choose any one options from below
A) will it be able to shoot up again ??
B) will it fall from double top ??
Comment down your answers with justification ,Let's see who will be good @ prediction....!
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Hindalco in a parallel channelHindalco has been consolidating in a parallel channel for 7-8 days.
The support for the stock is near 550 levels.
If the stock gives a breakout on the upper side the achievable targets are around 600 and 620 levels.
The trade can give momentum,
Daily time frame is good as the consolidation is what we look for.
Wait for the breakout of the parallel channel and trade accordingly.
Support :- 550
Resistance :- 600, 620-23.
Cup and Handle Break Out in HindalcoCHART -> HINDALCO DAILY SETUP
Cup and Handle Breakout in Hindalco daily time frame.
First target: 625
Second target: 695
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.