Hindalco came out of ascending triangle (daily chart) and given clear breakout with good volumes. The price closed above the break-out point. The stock is trading near its 52 week high and is supposed to keep its momentum intact. Longs can be initiated for target of 216.
NSE:HINDALCO made triple top at 200
Looks good to go counter trend at 194 pre empting failure of pattern reversal for target of 188-180
can use Resistance TL as stop
Risk trader can add more short once TL break