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mayurdharod

Hindalco - Triple test of 221 and break out

Long
HINDALCO INDS (NSE:HINDALCO)  
mayurdharod  
NSE:HINDALCO   HINDALCO INDS
Trend Analysis Chart Patterns HINDALCO
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trendanalysis chartpattern hindalco
Hindalco has been testing 221 for the past few quarters and has broken out of it today finally. A rally from 80-220 that is 160 points. I would consider a 160 points rally from here as well in the next few quarters. For short term looking at 260-280 range.
Trade on confirmation and not on anticipation
Believe in power of compounding
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