Preparing for breakout, Keep this in radarThe scrip is preparing for breakout, keep in radar. easy trade setup.
HINDALCO
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.
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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.
HINDALCO - Ichimoku Bullish Breakout Stock Name - Hindalco Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 504
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Hindalco:long positionHindalco consolidation in very narrow range after trendline breakout. So keep on your eyes on it
Entry level :- Above @500
Stop Loss:- Below @497
Target:- 1:1 or 1:2
HINDALCO -- Daily Trendline Breakout HINDALCO --DAILY TRENDLINE BREAKOUT --CHART SETUP
1. Hindalco seen Daily trendline breakout at last closing session .
2. currently stoock trading at upper channel higher high and higher low formation seen on daily chart after sharp fall towards 320 sub level .
3. channel support seen at 360 sub level and resistance at 480 level of channel .
4. trix line seen crossover at center line ( o line ) and move at upword direction which is bullish signal
5. one can buy at 400-405 level for positional target 425-450-480 + ( 1-2 Month ) Stop loss can place bellow channel support at 355
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk.!
HAPPY TRADING . !!
HINDALCO for longHindalco Industries Ltd Shareholding Pattern is stable. Good for long term investment.
Buy above 500 price and hold for 630 target. Analysis is based on 125 min time frame. See the chart and take decision after on own analysis.
PROS
Company is expected to give good quarter.
Company has delivered good profit growth of 47.5% CAGR over last 5 years.
Company's working capital requirements have reduced from 24.5 days to 19.3 days.
Shooting StarA shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star. If the price declines during the next period they may sell or short.
If the price rises after a shooting star, the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = Hindalco
Time Frame = 15 min
