HINDALCO INDUSTRIES LTD
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HINDALCO INDS

Hindalco stock has made double top on hourly time frame along with bkt , bearish hidden divergences rd in rsi, macd, stochastic etc, we are having bearish bias in this stock, one can go short at these levels or on rise ( if any ) with stoploss of 486, all the key levels are mentioned on chart along with stoploss and targets.

key levels are mentioned on chart along with stoploss and targets
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wave structure could be like this
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macd in daily in negative croosover
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macd in hourly started down tick
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rsi in hourly below 60 now
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dmi are converging in hourly
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Bearish RD in rsi in hourly
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Bearish RD in macd in hourly
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Bearish RD in stochastic in hourly
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BKT
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I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
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