Hindalco: Breaking out of a 12 Year Consolidation

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Hindalco is breaking out of a 12 year consolidation. Given the run-up in base metals (copper and aluminum) and view on DXY being weak, we thing this breakout is here to stay. Stock can see re-rating towards INR 500+ in days to come.
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Hindalco Continues to rock
Chart Patterns

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