NSE:HINDALCO
Observations:
1) On 1day time frame, it is between 50DMA and 100DMA.
In last session it closed just at 100DMA.
100DMA is placed at 455.33 and 50DMA is placed at 467.45 level.
Immediate Breakout level is 460.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see it is forming rounding bottom pattern with...
HINDALCO important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Hindalco formed the Flag - pole pattern after a good bullish breakout.
Once the price closes above the flag channel and a successful retest, we can expect a strong rally till 530.
So wait for the breakout or hold on your long positions with a fixed stoploss, Big move is on the way
Please share your valuable feedback.
Disclaimer: Kindly do your own analysis or...
sell below 436
sl 454
target 400
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.
Based on the recent corrections Hindalco shall be testing 398 level. It's 200 DMA is at 402.
If it can sustain above 402. we can expect 450 as short term target and 525 target as long term.
Please check with your SEBI registered adviser before investing.
Happy investing.
On the last trading day, Nifty Metals had faced the breakdown of his trendline on daily chart. Now it will take support from it's next support level at 5282 & 5169 & then 5000. Such fall in Nifty Metals will cause more panic in market and we will see more decline in price of its major contributor Shares which are Tata Steel (23.56%), JSW Steel (15.38%), Hindalco...
Hindalco spot cmp 442
parallel channel structure
horizontal demand zone as per previous swing
bullish divergence on rsi
bullish harmonic abcd pattern formation
lots of study matures around same levels of confluence
let see whats in store
Important Levels...........................................................................................................................................................
NSE:HINDALCO
Observations:
1) On Daily time frame, It just closed above 10DMA.
10DMA is placed at 466.39 level.
Please refer below chart : 1 day Time Frame.
2) On daily time frame, it is still below 21DMA. 21DMA is placed at 483.32 levels.
Immediate support is at 460 level. Intermediate resistance is at 470 level range.
Major breakout level range is...
Copper is impartant for electricity
HINDALCO one othe favourite stock in metal nse
Jsw steel
Tatasteel
It's benifit with metal and gas ,
Metal was melting 🤩 it's gas free producing own .,
It was post later ,
In the process of Wolfe Wave formation. 450-440 is a very good accumulation zone. The reason is the 100 DMA , which has acted as a very strong support earlier and the Fibonacci retracement (Gann Level & Golden ratio level). Wait for it to respect the pattern and confirm a reversal.
Then the targets will be update in update idea section.
CHART & ANALYSIS - ADARSH DEY
Hindalco is taking support from a trendline on daily timeframe, after a good fall it is probably taking a correction/retesting. As on the previous day it has formed a Doji candle. There is a good chance that the price could go up from here in a few days or weeks.
![HINDALCO: Simple Trade Setup | HINDALCO | 13-12-2021 [ INTRADAY]](https://s3.tradingview.com/y/YX6IKOmV_mid.png "Simple Trade Setup | HINDALCO | 13-12-2021 [ INTRADAY]")
![HINDALCO: Simple Trade Setup | HINDALCO | 15-11-2021 [ INTRADAY]](https://s3.tradingview.com/3/3ltAc5LR_mid.png "Simple Trade Setup | HINDALCO | 15-11-2021 [ INTRADAY]")
