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Hindalco Industries Limited
Long
Updated

Hindalco - Breaking Out from Long Consolidation

2 261
It is been observed that the price action is breaking out from a long consolidation range, indicating a strong move to upside.

Target: 215

Stoploss: 200
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Note
stoploss revised at 197 on closing basis.
Note
Updating chart and stoploss

snapshot

Stoploss 193.

You may add to your positions around 193-195 levels if it comes down.

Regards
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Hindalco back to 200 levels, shall keep up the momentum.
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Note
Chart Updates: Hindalco did come down to 61.8% Fibs levels and reverse back to previous resistance levels. Now, a close above 204 levels shall take it further up.

snapshot
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NeeteshJain
breakoutconsolidationzoneHINDALCO

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breakoutconsolidationzoneHINDALCO
NeeteshJain

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.