Hindalco- Symmetrical Triangle- Awaiting Breakout- Potential Buy

3 Kas 2016

As seen after a strong uptrend, price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the daily chart . A breakout with volumes on the upside would be our entry.
It is bullish in larger time frame also.
I will keep this stock in watchlist and review it once it gives a breakout.

3 Kas 2016

İşlem aktif

cmp 163

24 Kas 2016

Not

As per this pattern target should be around 184, but one can book profit at 180.