Chart Update : Hindalco Industries

Hindalco Industries Chart:

Hindalco has came out of downward trending price channel and consolidating below resistance zone of 93.5 to 94. Share closed just above 5dhema. Based on moving averages and trend line it can be conclude that 93-94 is a resistance zone. Close above 94 will give breakout to consolidation for target of 98 and 103.. 

So,plan your trade accordingly. 

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