Technical Trading Idea : Hindalco Industries Ltd Target Rs. 754 By Motilal Oswal Wealth Management

Hindalco Industries Ltd
Buy Hindalco Industries Ltd CMP 719 SL 694 TARGET 754 DURATION Weekly
* Retesting breakout zones from “Ascending Triangle” pattern.
* Taking support around its 20 DEMA.
* High volumes on up moves.
* RSI momentum indicator giving positive crossover.
* We recommend to buy the stock at CMP Rs.719 with a SL of Rs.694 and a TGT of Rs.754.
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