15 Min Time Frame :
1. Hindalco may give some correction from here
2. Look for trade setup in Intraday
Disclaimer :
> This analysis is for educational purpose only.
> Keep an eye on global market as well, trade as per market condition.
HINDALCO pick as intraday as on 16/02/2022.. Technical trend seen upside on 15 min chart, Recent bottom formation at support line as well as short term Resistance breakout clearly seen on chart , RSI move above 60 as bullish setup ON INTRADAY .
Intraday support seen at 529-530 so this will also buy level if stock make some correction on intraday.
Resistance at...
Hindalco is at an important area…
Reasons/Traits :
• Cypher bullish harmonic pattern formation seen
• Below 20 and 50 EMA
• Trend breakdown retested and an inside bar formation seen today
• RSI, MACD and Stoch are in down trend
• Earlier channel breakout failed
What can happen next :
Scenario 1 : Price sustaining above 460 levels can take it to 472/488/510/547...
CHART -> HINDALCO DAILY SETUP
Cup and Handle Breakout in Hindalco daily time frame.
If market supports and first target, which is all time high of 551 is breached, we can see 625, which is target of cup and handle.
Q3 results on Feb 10, 2022 to be looked out too.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI...
Stock is rising in an impulsive manner and currently riding in a 5th wave of higher degree. One should buy the stock with stop loss of 500 & look for the target of 550/580.
NSE:HINDALCO
Hindalco Analysis
All data are provided in the chart
* IT'S A CONFLENECE TRADE SO TAKE TRADE CAREFULLY
RSI is not showing BULL Or BEAR in that stock so wherever it turns its target will be that side.
THANK YOU
HAPPY TRADING
#comment if you have any doubt
Inverted HNS breakout
Keep 450 CBSL
for target of ATH
RR 1:4
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Hindalco indicates a short term bullish trend. The previous day ended green which signifies a bullish pattern. One can buy near 475 and buy on dips uptown 465. The SL of 463 is on closing basis. In case at 3:20 PM the stock is trading below 463 then you should exit.
This trade has been picked up by our Algorithm. For more updates follow us FinclaveCo.
I am taking a position in Hindalco for a long Trade.
The idea behind the Trade:
1) RSI is positive and has shown a convergence breakout.
2) Golden Cross Over just after the breakout of the Channel.
3) Although the Shorter super trend hints at a Buy Signal, the longer super trend still shows a Downward trend. So you can wait for the trend to turn fully green. But...
Hello traders, the last stocks are performing well in this short time bullish market for now.
Hindalco has given breakout above 460 levels and the volume shows institutional activity so I'll consider this a high probability trade.
It is also a ascending triangle breakout, so it gives us another bullish trend confirmation.
Buy above - 469
Targets mentioned in the...
Hindalco Made a VCP Pattern and broke the Pivot with High Volume. After Breakout took a small pause and moved up with a considerable volume.
During VCP volumes (sell) decreasing which makes a good probability of a up move.
NSE:HINDALCO
Note: This is for educational purpose only, not for any buy/sell recommendation.
HINDALCO stock Analysis for short term trade.
NOTE
We are not SEBI registered
Analysis is shared here is only for educational purpose.
Please consult your financial advisor before any trade.
We are not responsible for your loss.
NSE:HINDALCO
Observations:
1) On 1day time frame,it gave breakout of both 100DMA and 50DMA.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is...
analysis on HINDALCO
took SUPPORT from MAJOR TRENDLINE and 200 SMA @ 407
now HINDALCO BREAKS MINOR TRENDINE @ 444 which gives more confirmation and MACD CROSSOVER also indicates that its good for taking swing trade .
![HINDALCO: Simple Trade Setup | HINDALCO | 23-12-2021 [ INTRADAY ]](https://s3.tradingview.com/f/FJz0T4MN_mid.png "Simple Trade Setup | HINDALCO | 23-12-2021 [ INTRADAY ]")
