maazkampli

HINDALCO following TL since 2007

NSE:HINDALCO   HINDALCO INDS
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

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