Hindalcoinvestment
Hindalco inds, long viewHindalco inds, long-term view
1. 6+ months range breakout
2. Retest/pullback going
3. Bullish chart pattern.
Long-term view bullish on hindalco inds long at 480 with target upto 540 & 640 after pullback done with support at 425.
Analyse and wait for pullback complete.
Hindalco Indus Analysis 30 minute TF
Perfect Ascending Triangle pattern
Will add more Qnty if it sustain 325 until Upward Gap was filled @ 338.
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.
Hindalco Indus Analysis April 2nd weekI will strongly prefer Price to come into my zone & play as per my price action strategy.
All levels Clearly mentioned in the chart i hope this will helps a lot.
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.
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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 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.
Simple Trade Setup | HINDALCO | 06-09-2021NSE:HINDALCO
Observations:
1) On 15 min Time frame, we can see that it had made hidden bullish divergence and gave good upmove on 3rd sept from the intraday low made on 3rd sept.
Please refer below chart : 15 min time frame.
2)On Daily Time frame we can see that on 3rd sept it has clossed above earlier resistance range 455-458 level.
Please refer below chart : Daily time frame.
3) On 5min intraday chart it had made bullish flag and pole pattern and gave breakout of it in 2nd half on 03-09-2021 and also took support from 460 level. Now 460 level will work as immediate support range.
Please refer below chart : 5min time frame.
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Trade Setup for Date 06-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | HINDALCO | 02-09-2021NSE:HINDALCO
Observations:
1) On Daily Time frame you can see that it has followed FIB levels perfectly and immediate critical support level is 458.
Please refer below chart : Daily time frame.
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Trade Setup for Date 02-09-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
SIMPLE INTRADAY SETUP | HINDALCO | 03-08-2021NSE:HINDALCO
It is still the same level.
All levels will work as support, resistance, Entry and Target with respect to price action on particular day near that level.
Do comment if you have any doubt or suggestion.
HINDALCO | CUP AND HANDLE PATTERN | TRADE SETUP 27-07-2021NSE:HINDALCO
HINDALCO , has formed now a cup and handle pattern.
Good buying opportunity will be above 405 level. Target mentioned on the chart.
Hindalco - Channel pattern🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Hindalco Industries Ltd : Upside or Downside Momentum ? CommentChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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 advisor before taking any trade.
The above references as an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
HINDALCO BUYING OPPORTUNITY Hindalco Looking for a buying opportunity
If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis
Hindalco trend channel breakout done on monthly tfHindalco trend channel breakout done on monthly tf
Can look for tp between 400-410
kindly motivate us by giving likes....
Disclaimer: only for educational learning and purposes
hindalcoHindalco (NSE Cash)
Market cap:785.102B
Vol: 5.322M
LTP: 360.80
Support: 349.60
Resistance: 369 / 375
Daily charts (long term)
The candle that is being made today looks like a reversal because it has bounced back after taking support at the 20 DEMA which is at 349.33
MACD is neutral as it is in the bull zone but the bars are red and there is a slight reversal as well.
RSI is showing a reversal as well after taking a support at the 55 mark which is a good signal.
***Can buy for short to medium term investment
Hourly charts (medium term)
A marubozu white candle which is a bullish candle is being formed at this point.
Volume is a big green.
MACD has a green bar after a long time and a small reversal towards the bull zone is seen.
RSI is very strong and trading above the 50 mark.
***Can buy for short to medium term investment
15m charts (short term)
a strong green candle followed by a confirmation green candle.
Volumes are neutral.
MACD is strong green and in the bull zone trading in the bull pattern.
RSI has resisted the 70 mark so we might see a small correction before the stock tries to break the jinx.
***Can buy small qty.
HINDALCOHindalco is looking bullish in both long term and short term perspective. For short term enter only above 363 with the target of 406 and stop loss of 346.5.
This is only for educational purpose. Trade with your own risk.
