HINDALCO
Hindalco long entry please check on daily chart of hindalco share major resistance level of 130 has been broken . The stock can be taken for long entry with the target price of 145 to 150. Add the stock in your watch-list . kindly trade with stop loss and as per Reward to risk ratio. In case any query feel free to ask.
Hindalco: Chart setup & trading strategyHindalco
Closing price 124.40
- Any dips especially towards 121-119 provides good risk:reward ratio to go long for target of 133 / 136 / 140.50
SL 117
----------------------------------------------------------------------------------------------------------------------------------------------
Alternatively, consider selling Hindalco 25 June 2020 expiry 115 Put option around 4.5 - 5
Lot size 3500
Max profit potential Rs 15750/- to Rs 17500/- per lot
ROI potential 12.7% - 14.1% approx
Take care & safe trading
vedl delievery buy view as per chartsvedl with lot of news flow in the counter , despite having it i see the stock as undervalued upto 78 zones , technically weak below it now and from here can try to give a quick upmove for 130 /144 zone
Hindalco inside bar range breakout tradeTrade in the direction of breakout
Buy above 97.75 with SL of 92
OR
Sell below 92.2 with SL of 98
Targets open
HINDALCO weekly chart study - Parallel ChannelHINDALCO weekly chart study
Currently finding support at 200 Wk SMA
HINDALCO ANALYSIS - MEDIUM TO LONG TERMNSE:HINDALCO HINDALCO INDUSTRIES LOOK TO SHORT AT THE UPPER LINE OF THE CHANNEL INDICATED ( EITHER GREEN OR WHITE FOR TARGET AT THE MIDDLE LINE
Hindalco Short and Mid term viewMonthly MACD cut, Weekly MACD crossover may happen upcoming days. It will helps to reach the target levels.
Vijayaraghavan,
Chennai.
bomb value, IV valueHindalco 15mins chart clearly shows the Idev has formed inside the static CPR today, which means this can show a boom effect tomorrow.
Such a formation is known as IV formation which is like a ticking bomb. kindly keep Hindalco in watchlist for 2morrow.
Bearish Bat Pattern in HindalcoBearish Bat Setup in Hindalco. Entry is around 205-206 with a stop of 208.5 for target of 193-190
