MTECHTIPS:- HINDALCO:- HINDALCO is in HOLD LONG position Share is in sideways and sellers was at high so for short term better buy above 270.6 or hold with stop at 246.6 The next resistance will be at 267.65 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-Buy is advised only above 270.6 with a stop at 264.4 Below 262.6 go for sell and put stop at 268.8 The intraday signal is BUY and it is supported by 78 % indicators.