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HINDALCO

Hindalco Breakout on Rising Volumes!Hindalco is Ready for its Next Up Leg supported by Rising Volumes and also could give more Fireworks on the back of Positive Earnings. A stock that is at an All Time High is in Blue Sky Zone and can keep going UP! Long Hindalco Positional: - for Target of 480 possibly in May Series itself - with Stop Loss below 385 Copper and Aluminium Prices are also at Record All Time Highs as per MCX and also on International exchanges. Hindalco is a Leader in Aluminium and Copper in India, so it too should follow the Base Metal prices in shooting UP!
NSE:HINDALCOLong
by T_Harth
1
Hindalco to go higherHindalco has recently given a channel breakout. Considering its uptrend and the global demand of manufacturing materials it is about to go higher according to my view. Some reasons and signals are as below: 1. Overall uptrend 2. MACD giving upward direction 3. Stochastic also confirming up trend 4. RSI is above 60 and stock has gained momentum despite of negativity due to corona scene 5. DMI too is rising with current value at 26.7 6. High volume decisive candles giving all time high breakouts 7. Monthly candles are challenging upper bollinger band indicating strong momentum 8. After chinese new year some recovery on part of china and many countries regarding corona situation, plus manufacturing process getting back on track is giving rise to metal demands Target - 416
NSE:HINDALCOLong
by Altradr
4
#TATAMETALI 23%$return $TCS $TATASTEEL $JSWSTEEL $HINDALCO $SAIL#TATAMETALI TATAMETALI CMP: 1055.70 Target: 1300++ May Hold if longer time frame planned. Stoploss: 897 (on close price basis) Time Frame: Less than 3 months. Factors: Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Higher Highs & Higher Lows. Breakout above RESISTANCE levels Trading at SUPPORT levels Fundamental are strong. High Revenue High Cash flow Asset Quality Good. Earnings report & quality strong EPS Positive Risk Return Ratio is healthy. And Rising from the Bottom to Bullish Wedge Pattern Breakout to Flag Pattern Breakout. The stock has given a all time high breakout. Potential to reach high further.
TLong
by Rachit_Sethia
hindalcoHindalco (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.
NSE:HINDALCOLong
by virralthakkaar
Short HindalcoI have given buy call to enter from 350 and it had given 7.5% in just 3 days. So, kindly book 80% profit and hold 20% for the final target 385 and 400 . we will reenter after 380. But if I see in short side RR is too good . if you see any 15 min red candle on 19th March then short . SL will be just above the high of that candle. Hope You guys made some money. Don't Forget To Like And Comment Any Query You Can Discuss or else comment down below For Nifty And Banknifty And Stock Calls You Can Always reach us
NSE:HINDALCOShort
by Omahto
2