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    HomeNewsBusinessMarketsFutures Trade | Price reverses from resistance of falling trendline and moving average in Hindalco

    Futures Trade | Price reverses from resistance of falling trendline and moving average in Hindalco

    Red candle means sellers in control in Hindalco

    Moneycontrol Contributor
    October 12, 2022 / 06:55 IST
    Hindalco Industries | CMP: Rs 391.90 | The scrip rose over 5 percent after brokerage firm CLSA has reiterated buy rating on Hindalco Industries with a target at Rs 525 per share. The concerns were overdone with share price indicating aluminium price of USD 1,850/tonne. Any uptick in metal prices or clarity on Novelis’ outlook would likely to lead to a re-rating, it added.
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