bear cartel shorting on hindalco 1 . hindalco forming bearish patterns
2. head& shoulder pattern formed
3. inverse flag
4. abcd may happen in harmonics
5. with strict sl one can go short
HINDALCO
HINDALCO can move up again to 440+Hindalco is Buy based on Daily charts.
LTP - 412.5
SL - 404
Target 450+
Timeframe 1-2 Months
Risk Reward - 1:4
Metal Index Above 6000 other metals should come out 4 good moveMetal Index Above 6000 other metals should come out for good move
Jindal Steel
JSW Steel
Vedanta
Nalco
Sail
Hindalco
Vedanta
Do teen attempt hogaya one more time 🤞this time it may break the zone
Hindalco Looking bearish on Weekly chartsSell Hindalco below 400 target will be 380 with a minum SL of 5 points. Selling can resume if it goes below 375.
#Hindalco Analysis Stock is near to give BO on daily time frame makind round bottom pattern with good volumes build up, follow chart for proper entry and exit levels.
Preparing for breakout, Keep this in radarThe scrip is preparing for breakout, keep in radar. easy trade setup.
Time to give a scare to CE writers ??Falling wedge (Ending Diagonal) is normally the end point of any corrective structure in EW terms.
Even the current structure seems to have completed with this ED.
The correction halted (if it has) near the golden ratio of the last rise from June lows.
Today's close will be crucial in assessing if the correction is over - close coupled with Buy crossover in momentum indicator will confirm.
Above 398-402 zone, the recovery could pick up speed as call writers may run for cover (we are already seeing covering in 410CE today).
Can the price give a scare to 420CE writers (having highest OI).
Lets see....
Hindalco Chart 4Hafter using fib tool I am able to See that below Fib level there is volume gap or price displacement. I think that price to moving to fill that gap. after filling the gap I am expecting price to reach atleast 50% of Fib level. This is not financial advice . profit or loss its all yours .
HINDALCOHINDALCO ve a crab harmonic pattern.accoring to this pattern sell hindalco below 487 add more 507.4 closing stop loss 515.4 and targets will 450.3-379.1-358.10
Hindalco - Looks weakHindalco looks like is consolidating just near immediate support and is ready to provide another leg of fall. I had given caution around 25th Jan in few groups to stay away from Metal ....
Expecting some more pain in Metals unless recent swing highs are taken out ...
HINDALCO EXPECTED TO SHOW SOME BOUNCEHindalco trading near it's hourly support zone @ 405 - 395 and expected to show a bounce towards marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Hindalco Wave UpdateHindalco can rise to 436 levels to complete Wave C of B which should be followed by Wave (C) down so we would trade this setup on short side when the pullback is complete.
HINDALCO-- UPDATE : 9/3/2023 --DOUBLE BOTTOM -DAILY CHART HINDALCO --DAILY CHART --SETUP
1. This is reference ro eariler idea oF GOOD -BUY--HINDALCO ,
9/03/2023
UPDATE : Double bottom formation seen at support level sub 400 , , Bullish CCI DIVERGENCE, CCI, ema crossover seen.
HAPPY TRADING .!
HINDALCO-- UPDATE : Rounded Bottom Bullish chart pattern. HINDALCO ---UPDATE : 06/03/2023 -- ROUNDED BOTTOM BULLISH CHART PATTERN --DAILY CHART
1. This is reference to previous idea of HINDALCO -- , we can see rounded bottom cup formation of chart ,
2. correcttion from 480 sub level sub to 400 level downtrend form, and after support formation of 400 level curve seen upside level .
3. 415 form as support , stock seen close around this level which is near by trendline breakout , if breakout candle seen then stock will be at bullish zone . for target 440-480 + as mention in previous idea.
4. Nearest support level 404-408 , resistance 425-440
5. CCI , EMA bullish crossover seen ,
** . arrow indicate rounded bottom formation levels.
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !!
HAPPY TRADING !!
The Perfect Short - HindalcoSell Hindalco At Cmp 414.5 & On Rise
SL - 440 ( Day Closing Basis )
Target - 360
Hindalco Wave CountsHindalco a positive day close would confirm decline in Wave A is Complete & a bounce in Wave B could take it back to 440-450 levels.
HINDALCO --INTRADAY --27/02/2023HINDALCO --15 MIN CHART SETUP -- INTRADAY --27/02/2023
1. Last closing candle 15 min heikin ashi found as doji trend reversal after consecutive red candle
2. Double bottom found at 415 level
3. BUY above high of doji candle 416.50 ( 15 MIN candle close abovr 416.50 ) INTARDAY target 420-425 stop loss 409
4. CCI indcate oversold level possible pullback.
5. Intraday support 415 Resistance 420-425
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** trade at own risk .!!!
HAPPY TRADING !!
HINDALCO✅ Price very long respecting 426-436 level.
✅ Now price on 4hr. TF form a proper Triple Bottom.
SupportTechnical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Support occurs where a downtrend is expected to pause due to a concentration of demand.
Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Script = Hindalco
Time Frame = 1 Day
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Hindalco - Bounce back from supportOnly for educational purpose.Not a recommendation
Engaged in the manufacturing of Aluminium &Copper Products. An undervalued stock. After breaking the short term support , bounce back from there.Have resistance at 500 levels
Hindalco Trend line Breakout Hindalco broke trendline on Daily timeframe with increase in volume.
Short position ->
Entry = 435
Stop loss = 450
Target = 485
F&O position can be taken for the trade.
