HINDALCO following TL since 2007
Hindalco is following a pattern on monthly time frame since 2007
Currently moving toward its all time high level (284)
Go short if it faces a Resistance at the upper trend line (near 290-280) and can go long if the price breaks the trend line (safe entryabove 295-300) for the target of 307, 320
Volume is good, RSI has some more momentum to enter into overbought zone and MACD is also at good levels
Currently moving toward its all time high level (284)
Go short if it faces a Resistance at the upper trend line (near 290-280) and can go long if the price breaks the trend line (safe entryabove 295-300) for the target of 307, 320
Volume is good, RSI has some more momentum to enter into overbought zone and MACD is also at good levels
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