>Hindalco Technical analysis

Hindalco as we see from the chart was in a range for some time before
breaking up the range.
The breakup which came was with fair volume(more than the range volume)
and after the breakup its come back to retest the range support .

So here we have a good trade setup with good risk reward.
50 remains the stop loss for this trade and 65 would be conservative
target in coming days.

Remember Stoploss is must.

To read what brokerage houses say about hindalco read here

HINDALCO(Merrill Lynch)

Regards
Rish
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