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Alpha India LE - Hindalco and JSW Steel

Orpheus Capitals, June 2011, Pages: 5


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Hindalco Daily.

Prices turned back down after retesting the neckline near 200 levels. The head and shoulders reversal remains valid and suggests further negativity ahead. Our first target lies at 170 supports. Any bounce from current supports (A wave lows) is an opportunity to take new short positions.



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