HINDALCO ended at ` 128.35 with a gain of +2.30 % on 26 Oct 2011 with formation of White Candle on Daily Price Chart .Technically, HINDALCO is looking good on Charts. Major Momentum Indicators are also Bullish on Price Chart. BSF has given Strong BUY Signal on Daily price chart. It may shortly coming out of Dark Cloud.
We Recommend to BUY - HINDALCO at CMP
Target- `134.10/140.66
Stop-Loss – ` 126.93
Time Frame- 5-10 Trading DaysEditor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software with pattern Explorer. You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633
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