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#1
5th January 2007, 11:55 AM
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Hindalco
Hi Experts,
What are the prospects of Hindalco? Till few days back it has been a good stock to buy as per few brokers...but now I am seeing continuous fall in this stock. Thanks, Birjubanarasi 
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#3
5th January 2007, 08:25 PM
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Re: Hindalco
Quote:
HELLO munit, Hindalco is in sideways to downtrend. Avoid any fresh entry as it can consume your money and time. On the downward break below 163 on closing basis, it could go still lower. Fresh entry should be though only when the range is broken above 202 on closing basis. thanxs winston ??? Thanks Munit
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#4
7th January 2007, 12:06 PM
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Re: Hindalco
Commodity stocks are not good for short term. If you are a long term investor pls stay invested in it otherwise get out of it on rallies. The stock might go down more from now as the base metals have crashed on LME recently.
Disclosure: 50 @ Rs.145 21 PP @ Rs.48
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