MTECHTIPS:- HINDALCO

MTECHTIPS:- HINDALCO:- HINDALCO closed above 1 week high with volume signals up breakoutCurrently HINDALCO is in HOLD LONG position In short term share is in strong up trend so hold with stop at 248 The HINDALCO is now trading in highly overbought level. The oscillator is showing BUY signal .The short term buy signal is supported by 88 % indicators.
Intraday trend-is in intraday buy level better buy above 269.6 or in low buy above 259.3 Target is 274.2 next 281.9 Below 254.7 trend reversal can occur so keep long stop at 254.7 The intraday signal is BUY and it is supported by 88 % indicators.
Intraday Resistance of HINDALCO are 269.1 : 273.7 : 281.3 : 285.9 : 289.4 : 293
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