HINDALCO --- INTRADAY SETUP -- 19/09/2022** HINDALCO -- INTRADAY SETUP -- 15 MIN CHART -- 19/09/2022
1. Trendline breakout seen at 15 min chart last 15 min candle
2. trix histrogram seen crossover at current level
3. bullish signal from ssl channel indicator
4. pullback candle seen from oversold at 15 min chart
5. intraday support seen at 405 and resitance 430-435 level
6 BUY around 408-412 intraday target 420-425-430 stop loss at 400
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
** trade at own risk !!
HAPPY TRADING.!!
HINDALCO
HINDALCO FOR 19 SEPTEMBER 2022As in the chart, we can see that HINDALCO successfully achieved its previous breakout zone but started consolidating at the level of 412 - 450. It created a box pattern. based on these levels we are expecting a gap-down opening which can lead it to up to the level of 400.
expected price opening to be around 412 to 410
THE FIRST TARGET ON SELL SIDE is FRIDAY'S low which is 405.
For the BUY Side, it must have taken the support of 412 which makes it hold that level and continue to be in the consolidation zone.
further buying is possible only when it breaks the level of 450.
NOTE- If open flat and try to trade in less quantity as it can respect the support level.
selling side can be possible only trying to go below 412 or 410.
level 405 (previous low) is a 50 DMA line on that level so it can go for a u-turn from that point if that break we can hold for the lower point.
YR 2022 Idea #151: Long on HINDALCOThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
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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