Hindalco is Ready for its Next Up Leg supported by Rising Volumes and also could give more Fireworks on the back of Positive Earnings. A stock that is at an All Time High is in Blue Sky Zone and can keep going UP!
Long Hindalco Positional: - for Target of 480 possibly in May Series itself - with Stop Loss below 385
Copper and Aluminium Prices are also at Record All Time Highs as per MCX and also on International exchanges. Hindalco is a Leader in Aluminium and Copper in India, so it too should follow the Base Metal prices in shooting UP!