Hindalco and Jindal Saw Technical Views

By | April 21, 2011 2:49 am

Hindalco Industries

Hindalco Industries forming rising base and moving into resistance zone 217-219 range .Stock closed above 5 EMA High which signifies the upward momentum today.

MACD is moved into buying zone and Stochastic has moved into buy zone which make case of buying for short term


Buy above 215.3 Tgt 217.8 and 220


Jindal Saw

Jindal Saw is touching its upper end of its trendline and looks like ready for breakout as it has closed above its 5 EMA High

MACD has turned into buy and Stochastic is on verge of giving a BUY

Buy above 207.25 Tgt 210 and 212.10

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