03 September 2012

HINDALCO - LOOKS VERY CLOSE TO BOTTOM

HINDALCO seems very close to bottom around 100 and should bounce up and target 160 in medium term. Look for an up-bar with high volumes (more than 1,25million) for entry with stop below 99.
If the stop is hit the bottom should be around 91-92 and till then it is a shorting candidate.

No comments: