Hindalco Looking bearish :
1. Trading below 200 EMA
2. Trendline breakdown after several days consolidation.
3. Volume Supported.
4. RSI below 40.
5. Metal index also looking weak.
1. Trading below 200 EMA
2. Trendline breakdown after several days consolidation.
3. Volume Supported.
4. RSI below 40.
5. Metal index also looking weak.
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Long term chart also indicating bearish momentum. If it goes in our side then 300 levels can be seen soon.
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439 would be our SL.
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Target1 386 achieved.
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