HINDALCO INDS INR1

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.

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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

Hindalco Industries Excellent Long Setup

HINDALCO CMP 171.95 (20 JAN 2017) HOURLY CHART SHOWING - SHORT TERM NEGATIVE TREND RSI - <50 MACD DIVERSION TOWARD NEGATIVE MOVING AVERAGE - BELOW 50 TARGET 1 - 168 TARGET 2 - 165 TARGET 3 - 163

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Hindalco Industries with a target of Rs 176 and a stop loss of Rs 159

WE ARE CURRENTLY IN WAVE 4 AND WE HAVE ALREADY REACHED 23 % MAY BE SOME MORE DOWNFALL UPTO 150 RANGE & THEN WE WILL HAVE AN UPMOVE FOR WAVE 5

HINDALCO - LOOKs LIKE A UPSHOT - PAPER TRADING TGT=182.00 SL=175.00

Hindalco is giving nice technical breakout and can be bought for short term rewarding RR 1:4. If T1 is hit will update you for T2. at T1 exit 50% position and rest trail with breakeven. Thanks.

https://www.tradingview.com/x/zeeNPjos/

Can it break out of this triangle.. close above 167 can infuse new life into this..

HINDALCO to GO LONG AS LONG AS ABOVE 156 - SL=153.00 TGT about 168-170

ENTRY 163 SL 165 Target 154

Reversal of sorts at the higher end of the channel. It should correct upto 125. Extremely favourable risk reward trade. Stoploss at 138.5

HINDALCO TO GO LONG - TGT=130.55

seems fitted

Bullish AB=CD