Technical Analysis of Indian Equities by Nooresh

Hindalco – Reaching a major resistance.

hindalco

 

HINDALCO

 

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.

Article by Nooresh Merani

Nooresh has written 2601 articles.

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{ 1 comment… add one }
  • viresh thakkar September 13, 2013, 10:51

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

    Reply

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