Short Term Bullish Trade in Hindalco
HINDALCO seems to be bullish above the level of 470. The level is the neckline of the inverted head and multiple shoulders which is a bullish pattern and as the script is already bullish in long term, it's a continuation chart pattern here. As you can see, after the breakout of the neckline price has retested the level and rising after taking the support. So every dip will be the buying opportunity above 470 for the target of 550/570 (MUBB). Hilega Milega is favorable too.Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.
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