ExoProd

Hindalco: U-Turn?

Short
NSE:HINDALCO   HINDALCO INDS
Price formed a double top pattern at major resistance level (on monthly charts). At retest of the support, price has formed a Gravestone Doji followed by Bearish Engulfing (on daily charts ) both of which are negative signals. Since past 2 years corrections have been triggered from the month of January, again this cycle may be repeated