HINDALCO
HINDALCO - SWING TRADING - 19.07.2022 - BAHAVAN CAPITALHINDALCO is about to Break out and Buy Above 388 and Target 635.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move for this month.
Will discontinue Intraday and focus on Swing Trading.
Happy Profitable Trading to All....
HIndalco Long (Swing)based off of 30m chart, an untapped demand zone has been marked. Right above it are two equal lows which may be perceived as support. This faux-support is likely to be swept through to take out the early and impatient buyers.
It is preferred that the approach to the zone is not impulsive with a shift of structure from bearish to bullish being clear.
Entry may be a limit buy or a buy on confirmation.
if this zone fails, it might probably slide down to 300 (based on daily chart) with some reaction at the intermediate zone...probably.
target is the high.
Not financial advice. GG
HINDALCO --- INTRADAY SETUP -- 03/06/2022HINDALCO -- INTRADAY SETUP -- 15 MIN CHART -- 03/06/2022
>> HINDALCO seen double bottom formation after sharp fall at oversold level .
>> trendline seen breakout above 411 level where we can initiate buy position
>> Histogram seen bullish bar at current level last candle
>> buy above 411 is confirnmation of trend reversal
BUY HINDALCO above 411
target 415-418-422
stop loss 402
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** Trade at own risk
HAPPY TRADING .!
Hindalco Can we Sell it Now ?If Breaks Then The Targets could be Taken at 459.25 .
Time Frame :- 1 Hour
Patterns Name :- Inverse Head and Shoulders
Symbol Name :- Hindalco
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
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Hindalco forming evening star.Hindalco forming a evening star pattern on a monthly time frame.
In the month of April the stock has already given a downside movement of 15% and can move below upto the level of 410.
On weekly time frame, the stock has closed below the 20 ema.
The stock on daily time frame has been consolidating in a range and has closed below the 200 ema and a support level of 488.
Analyzing the stock on 4 hour time frame,the stock looks bearish as it has given a bearish moving average crossover and has been taking resistance form its 20 ema.
Support :- 477, 465, 448
Resistance :- 488, 510
The stock can move further down and on multiple time frame analysis its bearish with moving average, volume and candlestick chart pattern.
Wait for the price action before entering the trade.