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HINDALCO is currently trading at 632.5 and has recently taken support at key daily and weekly rising trend lines, indicating a potential bullish reversal. A breakout above Rs.640 could drive the stock towards the 705 and Rs.735 levels, with immediate resistance at 680. On the downside, Rs.600 and 590 serve as critical support levels

The stock has reversed from its support level after a prolonged correction. The Relative Strength Index (RSI) stands at 38.15. suggesting an upward trajectory and increasing buying momentum. These technical indicators highlight potential buying opportunities on dips around the Rs.620 and Rs.600 levels

In conclusion, HINDALCO offers a favorable buying opportunity for investors targeting the Rs.705 and 735 price objectives. It is advisable to apply effective risk management strategies to mitigate potential market fluctuations.

Buy HINDALCO @ 632.5 & add Upto 620 the Target of 705/735

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