Stock of the day : Hindalco Industries Ltd by Target Rs. 735

2025-08-14 11:16:48 am | Source: Religare Broking Ltd

Stock of the day : Hindalco Industries Ltd by Target Rs. 735 - Religare Broking Ltd

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Hindalco Industries Ltd

Buy Hindalco Industries Ltd CMP 700.50 Range 698-701 SL 682 Target 735

* Hindalco exhibited strong bullish momentum, surpassing a six-week high on increased volume.

* The stock confirmed a breakout from a symmetrical triangle pattern, signaling a bullish continuation and indicating potential for further upside in the near term.

* Additionally, a “W” bottom formation has emerged, supported by the 100-day EMA, reinforcing the positive outlook.

* Investors may consider initiating long positions near the identified entry levels, with appropriate risk management in place.

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Stock of the day : Hindalco Industries Ltd by Target Rs. 735 - Religare Broking Ltd

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