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HINDALCO

HINDALCO, Double Top formation continuing!This is in continuation of the idea I published yesterday. HINDALCO closed at Rs. 182.25 today. It gave Rs. 3.80 which is 2% on the short side. The possible double top chart formation is under process & can be confirmed only after the stock breaks the support at Rs.181 & moves further down with high volumes. Indicator used TE REKAB, it captures reversals in the market. This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart. Happy Investing ! PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of an intra-day trade !!
NSE:HINDALCOShort
by c4dilip
#Oct15 - Hindalco (intraday+swing) - Major ResistanceThe stock has been testing the level for 3 days straight indicating a breakout. Buy above 175 Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. always follow risk-reward and quantity management for the 100% of the times The above mentioned idea may not work, so beware of the risk you are taking Follow me on tradingview to get such intraday and swing picks everyday. Happy Trading!!
NSE:HINDALCOLong
by FAHEEMSAM
Hindalco LongHindalco is near the support zone. It has trend line support as well as 50 EMA support. Stochastic RSI is also showing over sold levels. By looking at the price action it seems like a minor pull back from recent high and the uptrend is still intact. Fibonacci is also showing 23.6% retracement from recent highs. I am bullish on metals and Bullish on Hindalco as well. But if it breaks the 171 levels then the bears may kick in and down fall may come. Watch out for 171 levels. As long as 171 is protected on the closing basis I am bullish on Hindalco.
NSE:HINDALCOLong
by Shishirakram
Hindalco Long I hope you can now see how HINDALCO represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:HINDALCOLong
by EntryandExit