March 4, 2014

HINDALCO Buy Signal and Resistance levels

  • Hindalco weekly chart suggests a short term bottom in place. Daily chart shows MACD indicator giving a buy signal after positive divergence
  • But price is still trading below 200 and 50 Day SMA's at 108 and 109 levels. This level must be crossed for bulls to extend the up move.
  • BANK NIFTY - HANGING MAN
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