Hindalco – Daily Chart Technical OutlookHINDALCO INDUSTRIES LTDNSE:HINDALCOYogesh_35Hindalco – Daily Chart Technical Outlook The stock has confirmed a neckline breakout on the daily timeframe, followed by a clean retest, validating the breakout structure. Post-retest, price action has developed a W-bottom formation with a tight box consolidation, indicating accumulation near higher levels. Currently, Hindalco is attempting to clear the supply zone at ₹720, which has historically acted as a strong resistance. The latest daily candle is forming an inside bar (₹697–₹719 range), reflecting contraction in volatility – typically a precursor to an impulsive move. A sustained close above ₹720–₹725 will strengthen the bullish momentum and open the gates for a fresh leg higher towards uncharted zones / new highs. Immediate support is placed at ₹695–700; as long as this zone holds, the structure remains constructive. 📌 Takeaway: Hindalco is showing a classic breakout–retest–consolidation setup. A decisive move above ₹725 will likely trigger a trend continuation, while failure to hold ₹695 could delay the breakout.