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adkis
Mar 26, 2024 10:10 AM

HINDALCO - going for Gap fill to the upside  Long

HINDALCO INDSNSE

Description

Hindalco on the Daily is looking to Gap fill

After the Q3 earnings for period ending Dec 2023, stock dropped from 580 towards 500 levels. Consolidated for some time and is now trying to fill the gap to the upside.

Hit 560 today. As long as 550 holds on a daily closing basis, expecting it to see 570 and 580

Trade active

Both Targets of 570 and 580 reached. Closed 70% position and trailing the rest with 570 SL

I expect some consolidation here before resuming uptrend towards 600

Trade active

we got 600 level today.

Next is prior ATH level of 626 if this uptrend is the continue. Ideally would prefer a basing at this level but lets see what we get
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