Hindalco trading at its support level. I have taken a retracement down in Hindalco from Low made at 36.75 on 08 March 2009 to High made at 252.85 on 09 Jan 2011. From there, the price retraced at 0.618 retracement at 119.30 (this is also the low of the hindalco). Now at this point we can buy this stock. The relative strength of this stock is not very high so we have to take a tight stop loss just below to 0.618 retracement line at 110.