ASHU'S TECHNICALS - DECEMBER 22, 2010
HINDALCO
Resistance - None. The stock is in unchartered territory at this point
Support - 210 and then 200
Stop Loss: 200
This stock is in an long term uptrend and has bounced back on strong volumes. Since it has no resistance at this point, we will have to see where it stop on the upside. Stocks in a long term uptrend may turn volatile for a day or two so stop losses have to be at a strong support point
You can reach me on the following forums:
Email: ashu@ashudutt.com
Website: http://www.ashudutt.com/
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Blog: http://ashudutt.blogspot.com/
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