Date : 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. • ...
Hindalco it has taken reversal from the bottom and we can see it has formed an inverted H&S Pattern in 30 min time frame. Where we can expect the target for 600 first and then 620 in the month of Feb
Hindalco has created a bullish pattern, given breakout of recent high @ 508 and sustaining comfortably above that level. Looking good for a buy @ CMP 515 and add if comes down towards 508 - 510 levels for the upside marked targets on the chart until 490 is intact on the downside. To motivate us, Please like the idea If you agree with the analysis. Happy Trading!
Bullish if Sustain above 414 Next Res @ 450 Support @ 410
Watch daily chart of hindalco stock. A very high probability that stock can form bullish candle near the TL support. So on any bullish candle near the marked area would be the good entry with very good risk to reward trade. Keep the stock in your watch list. This is for your educational purpose only.
The scrip is preparing for breakout, keep in radar. easy trade setup.
Hindalco trading near it's hourly support zone @ 405 - 395 and expected to show a bounce towards marked targets on the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Hindalco has given a breakout today & it's also at a good level to catch Why Hindalco is a Buy? NSE:HINDALCO Reason for Buy:-You can see metals are Inversely Proportional to Autos. Even as of now, metals are standing stronger when volatility comes in the market. This gives the Idea that the demand for metals is more than the supply, making the price move...
HINDALCO - Seems a clear BO on the daily/ weekly chart. Plan the trade and take it as per your risk apatite. Comment with your opinion/analysis/thoughts on this. I'm a stock market learner.
Here Hindalco is breaking 200Day MA. It is also breaking and closing above FIB .382. In nearly future It can easily touch its Fib .618 Setting up 2 target TG1 472 TG2 511
Hindalco gives an opportunity for a long trade by numerous confluences 1. consolidatory break of the 200EMA 2. Break of Resistance zone 3. Favourable risk to reward ratio 4. High Volume 5. Upward channel support Stop Loss below the recent consolidation low
Weekly volume is not supporting the price movement. But daily Volume is with Price. BO can lead to Gap fill. Good RR we can catch.
30 minute TF Perfect Ascending Triangle pattern Will add more Qnty if it sustain 325 until Upward Gap was filled @ 338.
Hindalco is trading near its 20 ema on an hourly time frame. It has been respecting its resistance level too. If the stock trade below the 539 level, it can fall further. If the stock gains bullish movementum and closes above 551 levels, it can move upto the level of 563 Support :- 539, 528, 516 Resistance :- 551, 563 Wait for the confirmation with volume...
NSE:HINDALCO #NSE:HINDALCO formed beautiful rounding bottom, breakout confirmation may give good momentum. Levels marked on chart for practice. Happy LEarning !!
We can buy if 583 sustain for target 629 603 initial target
NSE:HINDALCO #NSE:HINDALCO trading bullish and completed retest from resistance. Levels marked for practice. Happy LEarning.
NSE:HINDALCO #NSE:HINDALCO shared yesterday and hit all 3 targets. Happy LEarning.