Hindalco anticipated happened and Elliott Wave analysis

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 Hindalco hourly chart anticipated on 27th Dec 2020

Hindalco hourly chart happened on 7th January 2021


In my previous update on Hindalco, I had mentioned that, "Hindalco if crossed 256 levels will soar it till 272 levels which is the minimum criteria, any move above this level will open further positive possibilities."

Prices crossed the resistance of 256 and achieved my mentioned level of 272, thus gaining 6%- Anticipated Happened.

Here is the link of my previous article on Hindalco, click on it.

As of now it seems that there is still more room for the the steel stock as it is moving in wave 3 and will now or might have started wave 4 down. Once that is completed, prices will start wave 5 higher.

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