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AdarshDey

HINDALCO: Forming Wolfe Wave

HINDALCO INDS (NSE:HINDALCO)  
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NSE:HINDALCO   HINDALCO INDS
Trend Analysis Technical Indicators Harmonic Patterns HINDALCO hindalcotrend Fibonacci Retracement DMA
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trendanalysis indicator harmonicpatterns hindalco hindalcotrend fibonacciretracement dma
In the process of Wolfe Wave formation. 450-440 is a very good accumulation zone. The reason is the 100 DMA , which has acted as a very strong support earlier and the Fibonacci retracement (Gann Level & Golden ratio level). Wait for it to respect the pattern and confirm a reversal.
Then the targets will be update in update idea section.

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