Here’s an interesting stock idea: The short-term outlook is for bullish for Hindalco Industries. An early sign of a double-bottom formation is visible on the daily chart. This is a bullish reversal pattern.This also gives an early indication of the downtrend getting reversed. Moving average cross over on the daily chart also strengthens the bullish case. Immediate support is in the ₹590-580 region. Hindalco Industries share price can rise to ₹640-₹650 in the next few weeks. Check out the latest episode of Today’s Pick to learn more.
