Saturday, 21 May 2016

Hindalco Industries

Hindalco Industries is looking very good and showing very good strength on chart. This stock is currently trading at Rs.87/- on NSE with very good volume. It is trading below 50 days moving average. One should buy it with strict stoploss of Rs.85/- for intraday 1st target of Rs./-89/-, 2nd target of Rs.90/- & 3rd target of Rs.91/-. Short term Investor should hold this stock with above said stoploss. Yesterday its delivery volume was almost 31% of its trading volume. One should buy and hold it for short term target of Rs.102/-. The stock is still trading below its book value which is Rs.180/-. A strong momentum may be seen in coming days with huge volume. One should hold it patiently with above said stop-loss.

Discloser-
 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I/blog author will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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