Hindalco: Will It Clear Upper Parallel?

15 Eyl 2016

After being rejected at the blue upsloping medianline, the red fork now seems to be in play.

2 Kas 2016

Not

The early signs suggest that the red fork is in play. If so, then the prospects is not bullish for Hindalco. For the bullish trend to prevail, the stock has to clear the red upper parallel and more importantly, above the medianline of the blue fork.

Caution is the buzzword !!