3 technical stock picks for this week with potential upside of up to 13%
CMP: Rs 824 | Target: Rs 877–913 | Upside: 6.4%–10.8%Axis Securities noted that “Hindalco has registered an all-time high at 826 and confirmed a rounded bottom formation breakout at 790 levels on the weekly chart, signalling the continuation of the medium-term uptrend.” The brokerage added that momentum indicators are aligned positively, with the stock “holding above its 20, 50, 100, and 200-day SMAs” — reaffirming the bullish trend. Hindalco Industries Ltd
CMP: Rs 824 | Target: Rs 877–913 | Upside: 6.4%–10.8%Axis Securities noted that “Hindalco has registered an all-time high at 826 and confirmed a rounded bottom formation breakout at 790 levels on the weekly chart, signalling the continuation of the medium-term uptrend.” The brokerage added that momentum indicators are aligned positively, with the stock “holding above its 20, 50, 100, and 200-day SMAs” — reaffirming the bullish trend. Hindalco Industries Ltd
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