Hindalco Moving in Parallel Channel in Uptrend with Sideways Momentum Expected.
Hindalco is currently trading within a well-defined parallel channel, showing a strong uptrend. The stock has respected the channel's boundaries, with consistent higher highs and higher lows. As the price approaches the upper boundary, some sideways consolidation is anticipated, indicating potential resistance at this level.
Hindalco is currently trading within a well-defined parallel channel, showing a strong uptrend. The stock has respected the channel's boundaries, with consistent higher highs and higher lows. As the price approaches the upper boundary, some sideways consolidation is anticipated, indicating potential resistance at this level.
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Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.