ET Online | 06 Aug 2026, 07:00 AM ISTHindalco Industries stock has formed a double bottom pattern around 930 levels on the daily chart, and bounce sharply thereon, indicating a potential trend reversal after a prolonged corrective phase. Traders can buy for a target of Rs 1095-1100 in the next 1-2 months,” Shitij Gandhi, AVP – Equity Technical Research, SMC Global Securities, said. Show more Show lessRead more onRelated Videos02:1104:1502:1002:3408:1401:4902:1904:4202:2301:2002:2006:1016:1523:1801:2801:4901:3505:3302:5410:4502:0603:1603:0417:4708:4303:1105:2503:3203:3209:5315:0008:5702:5602:3904:12
Hindalco breaks out of key reversal pattern; SMC Global sees further upside
Hindalco Industries stock has formed a double bottom pattern around 930 levels on the daily chart, and bounce sharply thereon, indicating a potential trend reversal after a prolonged corrective phase. Traders can buy for a target of Rs 1095-1100 in the next 1-2 months,” Shitij Gandhi, AVP – Equity Technical Research, SMC Global Securities, said.
TL;DRAI
Hindalco Industries broke out of a double bottom pattern at 930 Rs levels with sharp upside, targeting 1095-1100 Rs in 1-2 months per SMC Global Securities analysis. The technical reversal after prolonged correction signals equity potential for Indian industrial portfolios.
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