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Moneycontrol.com >> Message Board >> View Messages >> Hindalco
   You are here :     Moneycontrol     MMB    Stocks      Hindalco                         Most active discussions of 2006 , 2007 & 2008
what about hindalco ? (1)   07-Jul-08 21:11Tracked by (0)  
Posted by:   chani on ( 07-Jul-08 21:11 )
Price : BSE: Rs 142.30 ( 3.08 % ), NSE: Rs. 142.20 ( 2.82 % )
Weak Negative Candidate -Medium term, Jul 7, 2008 Analysis Explanation
Has broken the floor of the rising trend, which indicates a weaker initial rising rate. Gave a negative signal from a rectangle formation by the break down through the support at 161. Further fall to 94.79 or lower is signaled. The stock has support at 137 and resistance at 150. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the trend break. The stock is overall assessed as technically slightly negative for the medium long term.

Don't buy it will come dwn in double digit.

chani

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 negative outlook

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