Hindalco Price Range For Next Week

HINDALCO Daily NSE Stock Chart Technical Analysis:

Hindalco fell during the first half, but a late rally saw it close higher, close to its intraday high.

Open:  221  Intraday Low: 216  Close & CMP:  224

Market Outlook:

• The price could remain range bound, between 216 and 225.  
• As of today, there is no trade signal on this stock.  
• Opportunity to go long above 225, and go short below 216.

Technical Indicators:

• A short-term line of resistance has developed as visible on the chart.
• The Fibonacci fan 38.2% is acting as a natural level of support for Hindalco stock price.
• 221 is a decision price point near end of December, the stock price either will break its resistance or support at this price.
• Trade breakouts if occur beyond the price range of 216-225.

HINDALCO Daily NSE Stock Chart Technical Analysis