ALI's inverter head and shoulder projected a short term target of around 23.50-23.8, and it stopped at 23.70. It also held support with the 52 week low.
A good bounce should happen/has happened to the downtrend resistance around 26.5
In terms of window dressing, I am hoping ALI could easily hit around 26.00-26.50 WITHOUT a breakout.
Then next year, nobody knows, since U.S. is extending its gains probably until next year, hopefully a good bounce/breakout in almost all our bluechip stocks before the expected carnage around Jan-Mar 2014(Primary Wave IV of the U.S).
Nalco to invest Rs25,000cr in capacity expansion; stock up 2.5% .
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