Hindalco – Reaching a major resistance.





An interesting triangle formation going on in the above chart.

Stock has touched a critical resistance at 115-117.

A dip to 100-105 seems possible.

It will be interesting to see how it holds around 100-105. The volumes this time does not indicate that it could head towards the lower band of 80.

After a dip if it crosses 115-117 then it could become an interesting trade.

1 Comment

  1. viresh thakkar
    September 13, 2013

    I wnat to purchase titan ind pl guide me.
    thanking you.
    hopping reply soon from you.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.