"Bears Engulfing HINDALCO To The Bottom"- High Possibility
Hindalco Industries (NSE: HINDALCO) is about to give away its control to the bears to trigger Bearish Move as per TTC Breakout Formation. The Critical Make-Or-Break Zone is at around 261. If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 255 Zone. Then 248 is the next support. For Swing Traders, 228.50 Zone is Very Critical. Below which we can see a good amount of selling.
Hindalco Industries Ltd., an aluminium manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India. It is the Flagship company of the company in the metals business. Hindalco is one of the world's largest aluminium rolling companies and one of the biggest producers of primary aluminium in Asia.
For Short-term targets, Trader should eye on 255 Zone. Then 248 is the next support. For Swing Traders, 228.50 Zone is Very Critical. Below which we can see a good amount of selling.
Hindalco Industries Ltd., an aluminium manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India. It is the Flagship company of the company in the metals business. Hindalco is one of the world's largest aluminium rolling companies and one of the biggest producers of primary aluminium in Asia.
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