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Stock of the day : HINDALCO Ltd For Target Rs. 765 - Religare Broking
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HINDALCO Ltd
* Metal sector is gaining significant traction, and HINDALCO is trading in line with this momentum.
* The stock surpassed its multiple swing resistance levels and reclaimed new high after spending nearly 3 months in consolidation phase.
* The price action and buoyancy in metal space suggests that the stock is set for its next leg of up move.
* Thus, traders can consider longs in the mentioned range.
Buy HINDALCO Ltd CMP 718.45 Range 715-719 SL 695 Target 765
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SEBI Registration number is INZ000174330
