Hindalco stock has made double top on hourly time frame along with bkt , bearish hidden divergences rd in rsi, macd, stochastic etc, we are having bearish bias in this stock, one can go short at these levels or on rise ( if any ) with stoploss of 486, all the key levels are mentioned on chart along with stoploss and targets.
key levels are mentioned on chart along with stoploss and targets wave structure could be like this macd in daily in negative croosover macd in hourly started down tick rsi in hourly below 60 now dmi are converging in hourly Bearish RD in rsi in hourly Bearish RD in macd in hourly Bearish RD in stochastic in hourly BKT
Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing