Monday, 21 January 2013

Hindalco update 27/12/2012 ref


Hi,

Sorry abt the late update on this stock. Its a stock which strictl follows the trendlines theory. It gives a clear picture how trendlines work. It took support on 100 Dy Mov Avg. For the first time I am not able to read the charts. I know for sure there will be gud movement , but donno which ways. Its formation on daily charts is of some triangle, but just can not make out.To be on a safer side, I will like to gv resis n supports rather than to comment. Trade accordingly...


Resis 126 / 132 / 135
Supp 120 / 118 / 113

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