Sunday 17 September 2017

HINDALCO ; All time high ahead

I will explain my idea on HINDALCO.


The stock is near its all time high in the last ten years. Will it fall from here?
The answer is with MACD.

Technical parameters
MACD : No divergence seen and looking up.
RSI : High
PVT : Steadily rising .

I will buy the BO : 257 and on corrections.
FIB congruence seen at 326.
252.85 198.9 210.35 83.1 165
326 73.15 127.1 115.65 242.9 161
58.8 -194.05 -140.1 -151.55 -24.3 -106.2
-0.37696 -0.90721 -0.76311 -9.99588 -1.51601
.
Early exit advised at 324.75.

26.4% upside ahead.

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