Why always bind with Hindalco....? any special....
I think there is no movement....past few days MCX and Finantech aggressive...
Today's Picks...
ABAN :
BUY ABOVE 428.5 SL 419.6 TGT 434.6----443.5----448-----454.6-----460.8
SELL BELOW 416 SL 422.40 TGT 411.8----407.7-----403.5-----399.4-----391.4
TATACOFFEE :
BUY ABOVE 1020.40 SL 1005.9 TGT 1032.2----1044.5----1055.4-----1077.1------1088
SELL BELOW 1004 SL 1013.8 TGT 993.3----983-----972.8-----960-----950.4
NAUKRI:
BUY ABOVE 522.20 SL 509.20 TGT 534.4----544-----553-----560.3-----570.2
SELL BELOW 506.90 SL 512.9 TGT 499----494.4----486.4-----480-----475.2
INDNIPPON :
BUY ABOVE 208.00 SL 201.80 TGT 214.2----221.8-----224-----230.4-----237.6
SELL BELOW 201 SL 205.9 TGT 195.5-----190.1-----184.3-----179.2-----174.7
HINDALCO :
Hindalco Industries Ltd. is in over sold range with RSI value of 9.86
Break out of
pattern CHANNEL_RECTANGLE has happened on 07/01/2014.
The breakout is in upside direction, it indicates that the bulls have taken over bears and indicates a buy signal.
There is a increase in volume with an upside breakout
Price Target: One can roughly put a price target after a breakout, and it should be the height of the channel, however other indicators have to considered as well like MACD, RSI, etc,. In the case of upside breakdown, one can put the price target upwards...
By Friday... you will see 124-127 levels...