Business News›Markets›Stocks›Hindalco breaks out of key reversal pattern; SMC Global sees further upside
Hindalco breaks out of key reversal pattern; SMC Global sees further upside
Hindalco Industries stock has formed a double bottom pattern around 930 levels on the daily chart, and bounce sharply thereon, indicating a potential trend reversal after a prolonged corrective phase. Traders can buy for a target of Rs 1095-1100 in the next 1-2 months,” Shitij Gandhi, AVP – Equity Technical Research, SMC Global Securities, said.
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