The up move in Hindalco has an exhaustion pattern: Prakash Gaba

In a chat with ET Now, Prakash Gaba, CFT, prakashgaba.com, shares his views on Hindalco:

ET Now: What is your call on Hindalco?

Prakash Gaba: Hindalco looks weak to me. The up move from Rs 85 to Rs 110 resembles an exhaustion pattern. It should drop to levels closer to Rs 100, even Rs 105 or Rs 100 is a possibility on Hindalco. However, it should have a stop of Rs 110.