I am taking a position in Hindalco for a long Trade.
The idea behind the Trade:
1) RSI is positive and has shown a convergence breakout.
2) Golden Cross Over just after the breakout of the Channel.
3) Although the Shorter super trend hints at a Buy Signal, the longer super trend still shows a Downward trend. So you can wait for the trend to turn fully green. But as RSI breakout is supporting my view, hence I am proceeding with the trade.
First Target is 506.
The second Target is 545.
Stoploss is 453.35, You can take some buffer.