HINDALCO INDUSTRIES LTD - Bollinger Band + MACD

πŸ“Š Script: HINDALCO (HINDALCO INDUSTRIES LIMITED)
πŸ“Š Nifty50 Stock: YES
πŸ“Š Sectoral Index: NIFTY 500 / NIFTY METAL
πŸ“Š Sector: Commodities - Metals & Mining
πŸ“Š Industry: Non - Ferrous Metals - Aluminum

Key highlights: πŸ’‘βš‘

πŸ“ˆ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
πŸ“ˆ MACD is already giving crossover.
πŸ“ˆ Double Moving Averages also giving crossover.
πŸ“ˆ Current RSI is around 66.
πŸ“ˆ One can go for Swing Trade.

⏱️ C.M.P πŸ“‘πŸ’°- 455.55
🟒 Target πŸŽ―πŸ† - 502
⚠️ Stoploss ☠️🚫 - 435

⚠️ Important: Always maintain your Risk & Reward Ratio.

⚠️ Purely technical based pick.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

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Happy learning with trading. Cheers!πŸ₯‚
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