Hindalco – Monthly Chart | Educational View

Near ATH, testing a 20-year trendline — worth studying.

1. Price is trading inside a long-term rising wedge.
   
   
2. The upper trendline has acted as resistance multiple times (2007, 2011, 2022, and now).
   
   
3. Currently consolidating in a tight range near ATH (~₹775).
   
   
4. Volume needs improvement — a decisive breakout above resistance should ideally come with strong volume confirmation.
   

⚠️ Risks / Watch-outs:

Rising wedge patterns can also resolve downwards if breakout fails.

Repeated rejections from the same long-term trendline may trigger profit-taking.

Without big volume, any breakout attempt may not sustain.

💡 Learning Point: Long-term trendlines and volume behavior are crucial in studying potential breakouts vs. failed attempts.

⚠️ Disclaimer: This post is for educational purposes only. It is not a buy/sell recommendation or financial advice. Please do your own research or consult a SEBI-registered advisor before making investment decisions.