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Hindalcoanalysis

Hindalco Industries Ltd - Breakout OpportunityDate : 22-Aug-2024 LTP : Rs. 685.55 Next Resistances: (1) Rs. 715 --> (2) Rs. 790 SL : Rs. 608 on daily close basis Technical View: • NSE:HINDALCO is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 712.10 on 10-Jul-2024, it has retraced 15% to 608 level. • On 21-Aug-2024, NSE:HINDALCO has broke out from it's secondary downtrend with higher than average volume. • NSE:HINDALCO is trading above 20 DMA and 50 DMA. On 19-Aug-2024 it closed above 20 DMA and on 21-Aug-2024 it closed above 50 DMA. • RSI is already in buy zone and trading at 61.20. • MACD has already crossed over it's signal line and about to cross 0 line. • Looking strong to start a new swing from here. Like the analysis? Boost/Like this idea and follow my ID. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:HINDALCOLong
by vicky252
Hindalco Industries Ltd - Breakout OpportunityDate : 26-Mar-2024 Rating : Buy - Positional Trade LTP : Rs. 558.65 Targets: (1) Rs. 620 --> (2) Rs. 636 --> (3) 675 SL : Rs. 515 Technical View: • NSE:HINDALCO is in its primary uptrend since end of Jun 2023 and was recently going through it's secondary downtrend. • After touching the high of 608.95 on 8-Feb-2024, it has retraced 18% to 499 level. • NSE:HINDALCO has broke out from its secondary down trend on 15-Mar-2024 with higher then average volume. • RSI has crossed 50 on 21-Mar-2024 and MACD crossed 0 on 22-Mar-2024. • Looking strong to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:HINDALCOLong
by vicky252
Hindalco breakout buy above 469Hello 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 chart above. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:HINDALCOLong
by this_is_shoaib
2
Simple Trade Setup | HINDALCO | 23-12-2021 [ INTRADAY ]NSE:HINDALCO Observations: 1) On 1day time frame,it gave breakout of both 100DMA and 50DMA. Please refer below chart : 1day Time Frame. ------------------------------------- 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 mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HINDALCO
by Trading_hawk
Simple Trade Setup | HINDALCO | 13-12-2021 [ INTRADAY]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 breakout level at 460. However major breakout level is at 480 level. Please refer below chart : 1hr Time Frame. 3) On 15min time frame, we can see that it has been consolidating between 452-460 level range. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for Date: 13-12-2021 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 mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HINDALCO
by Trading_hawk
Simple Trade Setup | HINDALCO | 15-11-2021 [ INTRADAY]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 480-485 level. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 15-11-2021 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 mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. Also note that, I have given very small levels , so that one can take trade from any of these levels w.r.t price action.
NSE:HINDALCO
by Trading_hawk
Simple Trade Setup | HINDALCO | 25-10-2021 [ INTRADAY]NSE:HINDALCO Observations: 1) On daily time, we can see that it took support from 50DMA and closed above it. 460 to 470 is immediate support range. Breakdown of it, will continues down fall. But if it sustain and take support from it then we can see reversal and an up move. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 25-10-2021: 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 mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HINDALCO
by Trading_hawk