Hindalco Industries- Bullish swing- Real movement may begin now! NSE:HINDALCO
09.10.2024
Buy-Above 728
Target 01-770
Target 02-794
Stop Loss-707
Risk Reward- 1:2
1.Doji and followed by engulfing candle stick formation
2.Side ways breakout and retracement found
3.Resistance turned to support level reaction
4.Upside movement volumes are more compared to downside.
Tomorrow volumes are crucial for further movement
5. Price crossed above 21 EMA.
6. RSI taken support in bullish zone
7. Reversal signals found at 0.382 Fibonacci level
8. Metal sector is in focus due to increased demand