Hindalco Possible low risk long opportunity

9 Jul 2018

On this hourly chart of Hindalco W.(A) and W.(C) are exactly equal, also W.2/B completing at the 78.2% retracement suggests that the Zig Zag correction may have completed to the downside and hence a new leg up can be expected from here on with small risk below the current swing low.
For further confirmation we need to wait till the market goes above 230 and gives a small retracement.
Overall what here looks to be is a great upside with extremely small risk as the new leg up should take out the W.1/A, that is 270 highs.