Hindalco - A BROAD Falling Wedge Pattern

• Hindalco is displaying a BROAD Falling Wedge pattern. Breakout or breakdown to result in a BIG move.
• In short-term, expect prices to reach around 80 levels.

HINDALCO Mar 06 Update

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.