Hindalco update to the chart posted on Mar 03 at http://patternswavesandnumbers.blogspot.in/2013/03/hindalco-update-mar-03.html
- As long as the price remains in the channel, bears have an upper hand. Bulls need to break out above the resistance to gain control.
- Next resistances @ 105-106. 20 Day SMA also around 106.
- If the price breaks out from the channel, MACD likely to give a bullish crossover.
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