Hindalco was bullish in previous week. However, simple pattern seen on daily chart.
Logic for shorting::
1. RSI Divergence indicated it will go down. 2. Head and shoulder pattern - Entry at second shoulder. 3. Short SL (SL :: 507)
Short below 485 level. TGT1 468, TGT2 451+++
Option Buyers :: Buy HINDALCO OCT 460 PE if crosses 16.50 :: SL 14.00 :: TGT 18.50 , 20.20, 21.90 +++ (Trade at your own risk; keep hedging the position.)