According to the present date and conditions, I am looking Hindalco on a bearish side according to the technical side.
There were multiple factors making this stock bearish.
1. Stock pattern was in the downtrend.
2. Failing to cross and sustain above important resistance
3. Stock price below important moving average levels.
Only we can turn bullish on this stock if it closes above the trendline stronger. you can see the trendline drawn on this chart.
Coming to support, Hindalco shows decent support at 382.
There were multiple factors making this stock bearish.
1. Stock pattern was in the downtrend.
2. Failing to cross and sustain above important resistance
3. Stock price below important moving average levels.
Only we can turn bullish on this stock if it closes above the trendline stronger. you can see the trendline drawn on this chart.
Coming to support, Hindalco shows decent support at 382.