I am going to present hindalco future trend in near future, as we can see hindalco has broken the tradeline which was the strong support for the uptrend , short-covering also done to the respective tradeline.
In 4 hours chart we can see the rejection candle formed but confirmation yet to be done any red candle on 4 hours chart will indicate a clearer downtrend for hindalco. However it is still taking support of 100MA that can play major role here .
Few target that can be seen in hindalco are given below 435 430 425
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Note -
This is just an educational post I do not recommend any buying or selling by the post, All the investors are advised to get in touch with their financial advisor regarding any kind of buying or selling advise on the posted idea.
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