Hindalco (NSE Cash)
Market cap:785.102B
Vol: 5.322M

LTP: 360.80
Support: 349.60
Resistance: 369 / 375

Daily charts (long term)
The candle that is being made today looks like a reversal because it has bounced back after taking support at the 20 DEMA which is at 349.33
MACD is neutral as it is in the bull zone but the bars are red and there is a slight reversal as well.
RSI is showing a reversal as well after taking a support at the 55 mark which is a good signal.
***Can buy for short to medium term investment

Hourly charts (medium term)
A marubozu white candle which is a bullish candle is being formed at this point.
Volume is a big green.
MACD has a green bar after a long time and a small reversal towards the bull zone is seen.
RSI is very strong and trading above the 50 mark.
***Can buy for short to medium term investment

15m charts (short term)
a strong green candle followed by a confirmation green candle.
Volumes are neutral.
MACD is strong green and in the bull zone trading in the bull pattern.
RSI has resisted the 70 mark so we might see a small correction before the stock tries to break the jinx.
***Can buy small qty.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.