NeeteshJain
Short

HINDALCO IN TREND CHANNEL - WATCHING FOR BREAKOUT

BSE:HINDALCO   HINDALCO INDUSTRIES LTD.
It is been trading in channel for few days as showed in the 30mins chart, it is on the move to the downside and I'm looking for a breakout in the 30 mins chart.
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snapshot
I believe it is trading in a consolidation phase and I would wait the price action to break 141 levels or to come down to 124 levels in order to buy it again.
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VikasChhatwal NeeteshJain
Thank you. It did break the 141 today.
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VikasChhatwal NeeteshJain
Thank you. It did break the 141 today, and the upward trend looks to go for a while.
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VikasChhatwal NeeteshJain
Thank you. It broke the 141 mark today.
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VikasChhatwal NeeteshJain
Its broke 141, and is at 52 week high today.
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Whats your take on this now? Do you still see a downtrend for it?
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