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#Hindalco (Cmp: 508.05)

Stock has formed and trading in a ascending horizontal channel formation pattern. Currently stock is trading near the resistance (Upper trendline) level. Positional traders can accumulate stock @ 508-500 level. Expecting upside moves upto 530-550-570+ in coming trading session with the help of 470 as a support.

Disclaimer: Above provided view & recommendation is posted for educational purpose. There is a risk of loss in investing or trading in securities (cash or futures or options) which you should be aware of prior to making an investment/trading decision, including the possible loss of principal. You are responsible for all investment decisions you make including understanding the risks involved, even if it is based on information. Therefore. before taking any financial decision you are requested to consult with a financial expert.