Stock of the day : Buy Hindalco Industries Ltd For Target Rs. 498 - Religare Broking Ltd
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Hindalco Industries Ltd
* Hindalco has been trading in a corrective phase, after making a Swing high at 504 in Jan, 2023.
* The stock has registered a decisive breakout from a triangle price pattern which continued for more than 5 months.
* Set to cross the previous swing high. Uptick in volumes is adding to confirmation.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Hindalco Industries Ltd CMP 464.15; Range 462-465; SL 446; Target 498
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