1) Hindalco is India's leading Metals company in India and the flag bearer of Birla group.
2) Today, the metal stocks including Hindalco have gained, as Fed Chairman gave a positive speech aiding stimulus for the next few months.
3) Though technically, the stock has reached a resistance zone where it is likely to face some resistance (See Chart below)
4) Hence, we are betting on this resistance zone to sell the stock on rise tomorrow. Hindalco can be sold around 103.5 Rs with stop-loss at 105.5 and target levels of 101 and 98.
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