Just A View - Gap Fill - HINDALCO📊 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.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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HINDALCO
Hindalco 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 levels which will definately help you ...
If you love our anlaysis please follow and boost the post for more analysis like this ....
HINDALCO : Cup and Handle BreakoutA 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 for educational purposes. please consult your financial advisor before entering.
CNXMETAL Wedge Pattern Breakout 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
#Hindalco Multi Time Frame viewThis 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 good support around 200 ema on weekly tf..
Currently consolidating in a triangle and the volumes are rising and last week's volume are highest since Nov 2022.
RSI is also showing a sign that it will give a breakout soon
Daily TF :
On daily tf; good accumulation + previous BOF of the IB on 29th May with less volumes. It did a bull trap and then came back into the came range again.
However, it has again given breakout and of the same range and the volumes are bit higher with RSI & MACD both giving upticks.
Also, last friday it made a open low with a breakaway gap. A good signal overall of strength coming back in this counter
Hourly TF:
On hourly tf; RSI is bit overheated - so any pullback towards lower support may provide a good short term trade.
However as larger trend is looking it is finally turning tide towards +ve side; overall looking very good now with smallest possible risk
HINDALCO LOOKING GOOD FOR A BUYHindalco has created a bullish pattern, given breakout of recent high @ 508 and sustaining comfortably above that level.
Looking good for a buy @ CMP 515 and add if comes down towards 508 - 510 levels for the upside marked targets on the chart until 490 is intact on the downside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
HINDALCOHINDALCO:- Ascending triangle pattern is formed, if breakout together sustains then we can see upside movement
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 on price action.
Thanks,
Ajay.
keep learning and keep earning.
HINDUNILVR DAILYLOOKS 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.
HINDALCOHINDALCO :- 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 on price action.
Thanks,
Ajay.
keep learning and keep earning.
Long in HINDALCO.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 years of period stock has given 600% of massive runup and later on rally ended with fair correction. There is no any fundaments related issue till date. Sales and revenue seem pretty stable while FII stack has drastically increased.
Stock has formed strong support level where it has retested multiple times and move up. We can aim at least for 30% from this juncture.
It was completely my Analysis. Not a recommendation from my side, Please consult you finance adviser before investing
If you liked this Analysis do like and follow.
Hindalco BO of Falling Trendline on WTFNSE: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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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Hindalco Looking Strong - More Up Movehiii 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.
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Happy & Safe Trading
Hindalco is moving in a channel and also in a triangle "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 .