HINDALCO:- Ascending triangle pattern is formed, if breakout together sustains then we can see upside movement
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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NSE:HINDALCO formed Negative RSI Divergence and Bearish Marubozu on Higher high with RSI creating Lower High on Daily TF.
Entry : 484.50
Target : 464/448
SL : 510
RR : 0.8/1.4
(2nd target for better Risk Reward Ratio)
Hindalco Is in the trending channel and forming bearish flag pattern...
Overall it's seems negative in a weekly time frame so we should avoid to invest....
What's your outlook?
Hindalco Industries Limited (NSE: Hindalco): close above the 434 + level, it will rally upside and close below the long trend line, it will become weak.
A cup & handle Breakout in conjunction with Triangle Pattern Breakout
Retest is pending for the triangle pattern breakout.
Hindalco is moving based on the support line support for long.
Waiting for a retest to enter with SL below
closing of the support TL
One can enter now as well with 50 % qty just not to miss the trend for targets of 510/550/630.
DISC: Only...
LOOKS GOOD.
Hindustan Unilever Limited (HUL) is a British-owned Indian consumer goods company headquartered in Mumbai. It is a subsidiary of the British company Unilever. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods (FMCGs).
ONLY FOR EDUCATIONAL PURPOSE.
HINDALCO :- Keep an eye on the stock and wait for breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based...
No matters how bullish the Markets sound to be we can always find good undervalued stocks, Hindalco is one of those company we are going to talk about.
Company majorly deals with Aluminum and copper, where it is a market leader in Aluminum rolling and recycling.
Stock has corrected more than 50% from its peek last year. why is that case, '' because in just two...
This post covers Multi time frame analysis. On monthly tf Hindalco gave a multi year resistance breakout in 2021 Feb and from there it went on to become double.
During June 2022, it corrected and retested the same trendline resistance which now became support.
Weekly TF :
On weekly TF; it is making HL since Covid Low and has been consistently taking...
NSE:HINDALCO has given a falling trendline bo on weekly chart. one can create a fresh position in hindalco at cmp of 440 or below with a stop loss of 380 for the targets of 500/560/620 in the near term.
Exit the position if the stop loss is triggered on WCB.
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I AM EAGERLY WAITING FOR YOUR...
hiii alll...
Greetings!
Hindalco is looking strong, I believe more up side is possible in the coming days.
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
Please...
"Hindalco is moving in a channel and also in a triangle "
A good opportunity in Hindalco either we go for long / short by seeing the break out accordingly..
For the time being wait and watch.
* this is for study and analysis purpose only *
Thank you .
HINDALCO is PICK of the Month & can move above 465+ by July Expiry.
LTP - 415
SL - 405
Targets - 465+
Time frame - 35 days - 7 Weeks.
Risk Reward Ratio - 1:5
1 . hindalco forming bearish patterns
2. head& shoulder pattern formed
3. inverse flag
4. abcd may happen in harmonics
5. with strict sl one can go short
