Stock Radar: Hindalco becomes an attractive buy after recent spike, reclaims 200-EMA on daily charts

The aluminium stock hit a record high of Rs 772 on October 3, 2024, but lost momentum, closing at Rs 638 on February 20, 2025, marking a 17% decline. It found strong support above Rs 550 in January and February, rebounding after testing this level in early February. Rising over 7% in a week, it swiftly reclaimed its 21 & 50-DMA, along with the 100 and 200-EMA on daily charts, signalling renewed momentum.