Hindalco has been falling from its ATH of 427.50 from 10th May onwards and has made a Falling Wedge Pattern.
It has broken above with good volumes but the point to note is that it has gapped up and made a spinning top like candle in the 1Hr and 2 Hr candles which is half of the Evening Star Candle Pattern. So in the short term it could see a reversal.
So it would be prudent to go long only after a retest of the trendline and a Bullish confirmation candle for the following targets.
@N50-ANALYST, My analysis was for an hour time frame and I pointed out the evening star pattern on an hourly time frame. It will retrace to find support and then on a bullish confirmation candle can go long.