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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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