Hindalco is just getting rejcted from the above trend line again and again, and getting support on below trend line....
Looking at current scenario it is clearly directing that price may go down till 185-190 regions ...
Tgts are : 196/192/188
SL 201
Hopefully, we may see price reversal at 185 , if that not happen we may see further more down side...
Note:...
Hindalco 15mins chart clearly shows the Idev has formed inside the static CPR today, which means this can show a boom effect tomorrow.
Such a formation is known as IV formation which is like a ticking bomb. kindly keep Hindalco in watchlist for 2morrow.
Hindalco Industries Ltd. engages in the production and marketing of aluminium and copper products. It operates through the Aluminium and Copper segments. The Aluminium segment manufactures and sells hydrate and alumina, and aluminium products. The Copper segment is the manufacture and sale of copper cathode, continuous cast copper rods, sulphuric acid, DAP and complexes, gold, silver, and other precious metals. The company was founded by Ghanshyam Das Birla on December 15, 1958 and is headquartered in Mumbai, India.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
HINDALCO
![HINDALCO: [Positional] Hindalco Short Trade](https://s3.tradingview.com/1/1DvWHsqF_mid.png "[Positional] Hindalco Short Trade")
![HINDALCO: [Range Breakout] HINDALCO](https://s3.tradingview.com/f/F18MwAQE_mid.png "[Range Breakout] HINDALCO")
