HINDALCO Chart analysis

• HINDALCO and copper shows a multi year Head and shoulders pattern which is yet to give a breakdown.
• Daily chart is showing a counter trend rally which may get stopped near 113 or 115 levels as shown in last chart.
• 115 level has the 50 Day SMA and the falling black resistance line shown in second chart too should be near 115 level.
• Bears of Copper need a close below 106 for further breakdown.