HINDALCO ve a crab harmonic pattern.accoring to this pattern sell hindalco below 487 add more 507.4 closing stop loss 515.4 and targets will 450.3-379.1-358.10
HINDALCO is knocking very important levels. It's a make-or-break situation for the stock as it deals with the immediate resistance zone of (413-416). This zone has been proven support before, and recently we have seen a high-volume retest of these levels, which means supply is slowly getting tested and hopefully exhausted. Volume profile too clearly suggests that...
As you can see, this is the chart of Hindalco, an Indian PSU forming an ascending triangle. Given the recent capex in metal industries and the rising prices and the Government to disinvest this company, my sense is that this stock is about to hits its target of 500. Please advice and provide some feedback.
Hindalco Price action For long side view.
its been days since i posted something.
Here posting something with easy to understand price action chart.
Lets see if it works.
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