metal stocks and index are not looking good for longs right now with global slowdown especially with china slowdown . any positive news from china for real estate sector will bring boost to metal prices.its not TA or FA but a opinion . avoid ferrous metal contracts/stocks . when time comes for long zinc/magnesium/coppper/aluminium are the ones that perform better...
Date : 22-Aug-2024
LTP : Rs. 685.55
Next Resistances: (1) Rs. 715 --> (2) Rs. 790
SL : Rs. 608 on daily close basis
Technical View:
• NSE:HINDALCO is in it's primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 712.10 on 10-Jul-2024, it has retraced 15% to 608 level.
• On 21-Aug-2024, NSE:HINDALCO has...
Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
NMDC If continues to holds the prev week support level,
recovery towards 270 could be possible.
However in case of Bearish pattern at higher level, it may come back to prev week's range
Important downside support is around 245 zone
whereas upside hurdle is aroud 270 level
*Election Results can...
HINDALCO | Breaks two year long highest point and moves upward
1) Stock breaches two year long highest point and continues uptrend
2) Still follows a clean market structure of making higher highs.
Date : 26-Mar-2024
Rating : Buy - Positional Trade
LTP : Rs. 558.65
Targets: (1) Rs. 620 --> (2) Rs. 636 --> (3) 675
SL : Rs. 515
Technical View:
• NSE:HINDALCO is in its primary uptrend since end of Jun 2023 and was recently going through it's secondary downtrend.
• After touching the high of 608.95 on 8-Feb-2024, it has retraced 18% to 499 level.
• ...
Hindalco given excellent Q3 results, price is making fresh all time high. cup and handle pattern in chart. handle it self is 100 rs so share price can increase 100 to 300 rs in a yr or any time based on Q4 results/
for educational purpose :
cmp - 649-650
1st target 728-732 (12%)
time frame - 30-45 days
will update as per the movement
note: not a trading idea plz consult your financial advisor
📈 Stock Name - Hindalco Industries Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 638.
🚨Disclaimer: This is not a Buy or Sell...
Decent volumes in the last week and strong volumes in this week as well, a good price action breakout from the cup and handle pattern.
Target of 900++
SL 505
HINDALCO INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Ascending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 650+.
✅Can Go Long in this Stock by placing a stop loss below 614-.
📊 Script: HINDALCO
📊 Nifty50 Stock: YES
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminums Products
Key highlights: 💡⚡
📈 There was a huge gap down on 13th Feb so, Script may fill the gap.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 558
🟢 Target 🎯🏆 - 593
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new...
Hindalco it has taken reversal from the bottom and we can see it has formed an inverted H&S Pattern in 30 min time frame. Where we can expect the target for 600 first and then 620 in the month of Feb
Here, we have attached the Technical analysis chart for Hindalco,
Hindalco is in the range which have drawn in the chart and once it tried to break but unfortunately it couldn't and many SL got hit and so that we have noticed huge sell off then, and the price moving between range continued again ....
In the chart we have mentioned support and many important...
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...
NSE:CNXMETAL This also Shared on Dec-10 then it Moved 4.50% on the Upside Now Break the Resistance on the Monthly Time Frame in ( Weekly Time Frame it's a Different Story )
If Nifty moves more than 100 to 200 points this also gives some Move upside so add to your watch list Metal Stocks
also, I pin the Google Drive image link in the comment section
