Have tracked Hindalco in 2 years’ charts and have seen it satisfy the bullish condition for Dow theory of High Volume during the breakout and the sequence of Higher Bottom to Higher Top. Moving average also describes that the trend is positive. I’m still not forecasting the stock to go up but following the stock until it breaks the previous top and I decide to take a long position.—————————————————————————————–
Stock Ticker – NSE: HINDALCO – Hindalco Industries Ltd. – METALS
Bullish Trade plan:
Entry Level 545 Target 585 Stoploss 505
Analyst Rating – :4/5
View Posted on 2022-02-08
Hindalco – Bullish Breakout following
