Hindalco: Anticipated Happened

Hindalco 60 mins chart anticipated on 22nd April 2022


 Hindalco 60 mins chart happened on 5th May 2022


In my previous update, I had mentioned, "Hindalco is negatively poised and can plunge till 480-460 levels over short period of time."

The metal stock plunged after completing the bearish head and shoulder pattern and arrived towards my level of 480-460 - Anticipated happened.

To view my previous article on Hindalco, click on the below link

https://www.marketanalysiswithmeghmody.com/2022/04/hindalco-bearish-head-and-shoulder.html

Prices are moving in an impulse fashion in which it is moving in wave iii, this current wave is extension and can further falter with some counter trends taking shape in between. The fall will drag prices towards 445 to 430 levels to complete the impulse wave.

The summation is Hindalco is all set to crack further towards 445-430 levels in near term.

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