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Buy Hindalco Industries Limited
Last Close: Rs 199.10
Initiation range: Rs 196-198
Target: Rs 210
Stop loss: Rs 192
HINDALCO has been gradually inching higher for the last five months and formed an ascending triangle pattern (which act as reversal pattern) too. It’s currently trading on the verge of breakout from the same. The neckline (breakout) area of the pattern coincides with the resistance barrier of 100 EMA on the weekly chart so we may see sharp surge above that zone. We advise traders to use this opportunity and initiate fresh longs as per the levels.
Buy Siemens Limited
Last Close:
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