champtrade111

GOOD --BUY -- HINDALCO

Long
champtrade111 Updated   
NSE:HINDALCO   HINDALCO INDS
GOOD - BUY-- HINDALCO --DAILY CHART SETUP .

1. Hindalco trading at upper channel on daily chart .

2. Currently stock trading at lower support at upper channel , at near strong support line. so as GOOD BUY LEVEL at risk reward ratio.

3. DAILY CHART trix line shows at oversold level as well as at positive crossover

4. one can initiate BUY 420-425 for target 450-480-500 + short to mid term STOP LOSS 399 bellow strong support line

5. RISK REWARD RATIO 1.4 fom current level




** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !!

HAPPY TRADING. !!
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15 MIN CHART-- trendline breakout, above 21, 44, 200 HMA .
update ..01/03/2023
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GOLDEN CROSS of 50-200 HMA on 15 min chart .
update ..01/03/2023
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CHINA PMI DATA out on 01/03/2023 which is seen good improvement on month on month basis , METAL index expected jump in month of march , so positively effect metal stocks . !!
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On Daily Chart , today closing candle is Heikin ashi trend reversal doji ,

02/03/2023
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On hourly chart HINDALCO move above 200 HMA

Update : 03/03/2023
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HOURLY CHART SETUP - Downside 400-404 and upside 425-430 will be short term trading range now, trade setup will be bullish or bearish depending upon Beakourt or breakdown either side . Stop loss will be hourly candle closing bellow 399 .
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update 03-03-2023
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06/3/2023 --UPDATE --rounded bottom bullish chart formation seen . --Daily chart
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if hourly / daily candle close bellow 399 then this chart setup understand as discontinue , so stop loss understand as if hourly/ daily candle close bellow 399

update 8/3/2023
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If i hit...I EARN, if i miss i . LEARN

Endof day i dont ; lose .!

Thank You ALL .!!
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WEEKLY CHART double Bottom formation seen now, if last session low sub 400 level hold next 1-2 Session on closing basis then double bottom confirm .

update : 09/03/2023
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CCI bullish divergence on daily chart .

update : 09/03/2023
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03/09/2023 -- UPDATE
Daily Chart --double bottom formation at support line sub 400 level
Bullish CCI Divergence, CCI ema crossover
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UPDATE : stop loss modification .-- 10/3/2023 -- 9.35 AM
STOP LOSS modified as 375 instead of 399 , looking at market sentiment and too much volatility in market , STOP LOSS MODIFIED TO 375 target 440-480 intact .

NEW STOP LOSS WILL BE DAILY CLOSING CANDLE BELLOW 375 .
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Global Resarch Jefferies "BUY" call on Hindalco upgrade with target price 570 from current level.

UPDATE : 10/3/2023
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Maximum no of analysts given "Strong BUY " on Hindalco industries Ltd.
among 7 top analysts, brokerage firm Target price 521 . 28-30% from current price 405-406 level , due to good china data, reversal of metal price this year and estimated good earning for metal stocks specially Hindalco on next quarter.

UDATE : 12/03/2023
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HINDALCO INTRDAY SETUP 13/03/2023

BUY @ 405-407 Target 410-415-418
stop loss 495

update 13/03/2023 8.45 am
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update : 14/03/2023
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UPDATE : 15/03/2023 ..
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update 16/03/2023 --9.10 am
stop loss reminder -- Stop loss has modified earlier from 399 closing daily candle to 375 closing DAILY candle .
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Reason for sharp fall today .. Nifty metal index sharp fall around 3-4% so all metal stock in pressure . 16/3/2023 9.40 am
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update 16/3/2023
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UPDATE : 17/03/2023 Bullish golden cross of 63,180 HMA on 15 in chart .
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" I TRADE WITH INTENTION OF SUCCESS...NOT WITH A FEAR OF FAILURE "

UPDATE : 18/03/2023
'
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Above chart is NIFTY METAL -DAILY CHART . observation CCI bullish divergence, golden cross of 63,180 HMA .
UPDATE : 18/03/2023
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UPDATE : Above Chart Trade Setup --15 MIN CHART -- 20/03/2023
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STOP LOSS Reminder- IF Hourly /daily candle close bellow 375 ,
update : 20/3/2023 .. 12.05 pm
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UPDATE : 20/3/2023

traders pls see above weekly chart of hindalco carefully .
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UPDATE : 21/03/2023 --hourly chart .
lets try to find out pullback from support line on hourly chart .
Finding
1. using pullback indicator line last hourly candle close above line.
2. Pullback candle above 21 HMA and near hourly candle breakout
3. CCI above ema and above centro line (0 line )
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UPDATE : 22-03-2023
above chart - HINDALCO monthly chart-- --following monthly trendline support
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HINDALCO --UPDATE --23/03/2023 - above chart
hourly candle near trendline breakout levvel --breakout confirm once closing candle above 400 level ( 15 min /hourly candle )
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UPDATE : Trade setup -15 min chart -HINDALCO -- 27/03/2023

1. BULLISH above 390- if 15 min candle close above 390 Target intraday 394-398
2. bearish bellow 385 IF 15 MIN candle close bellow 385 can fall to support 382-380

Observation : Last 15 min candle is hammer candle .
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UPDATE : 25/03/2023
JPMORGAN ON HINDALCO : JPMORGAN maintain OVERWEIGHT rating on HINDALCO
for target price 490 .
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Update : 27/03/2023
stop loss reminder: if Hourly /daily candle close bellow 375 stop loss understand as
trigger .
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HIDNALCO--UPDATE --01/04/2023-above chart
WEEKLY --CHART --Doji trend reversal candle formation
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HINDALCO --UPDATE --LIVE --05/04/2023 --11.45 AM
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" At My Worst , I challenge My Best "
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HINDALCO --UPDATE --DAILY CHART --06/04/2023--ABOVE CHART
3 way confirmation
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HINDALCO --UPDATE : 07/04/2023 --ABOVE CHART
intraday setup --10/04/2023
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" Work Hard in Silence ..Let your Success be your noise "
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HINDALCO -- UPDATE --28/04/2023
we successfully achieved journy from 388 to 435 level today --around 15% profit .
LETS hope much better ahead. once cross 440 Level
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HINDALCO --UPDATE --29/04/2023- Above chart
Daily candle close above 200 HMA
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" KILL YOUR HATERS WITH BIG SMILE:) ..AND BURY THEM WITH YOUR SUCCESS
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Hello Traders..!
Above chart --LAST UPDATE of my tradingview idea .. Next direction to final target of Hindalco .

Thanks for or against my views . i hope my ideas helpful to you atleast some extent .

No more idea, post, comments IN TRADINGVIEW now onwords from my side.!

HAPPY TRADING. !
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