01-01-1970 12:00 AM | Source: Religare Broking Ltd
Stock of the day : Buy Hindalco Industries Ltd For Target Rs. 478 - Religare Broking Ltd
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Hindalco Industries Ltd 

* The stock has been gradually inching higher from last 5 month, forming series of higher highs and lows.

* It has rebound higher from its medium term moving averages .i.e. 50 DEMA

* Registered a breakout from small base with noticeable volumes and looks set to reclaim its previous swing high.

* We thus advise creating fresh longs in the mentioned zone.

Buy Hindalco Industries Ltd CMP 449.40; Range 447-451; SL 436; Target 478

 

 

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