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Hindalcolong

HINDALCO CUP AND HANDLE PATTERN BREAKOUT| TRADE SETUP 28-07-2021NSE:HINDALCO Today, 27-07-2021, it gave perfect breakout of cup and handle pattern with good move and volume. Also our Target hit. Trade Setup for 28-07-2021. It closed above 415, which is a good sign. TOMORROW, if it goes below 415 and then test the support from range of 412.80-413, then go bullish. For Intraday, at least Book your profit or partial profit at 420 level. As 420 is having highest call writing addition today. And if it keep on trading above 420 then the next target will be 425-428 zone. For the sell side once it breaks the 410 level with bearish red candle then go short till 1st small target 407 and then 400. Hope you had a good profit from this trade today. Do comment if my ideas are helping you to understand trend, levels and price action. Let me know if you have any doubt or suggestion.
NSE:HINDALCOLong
by Trading_hawk
3
HINDALCO | LEVELS AND TARGET | 20-07-2021NSE:HINDALCO Today HINDALCO Tested previous resistance of 396 level and that resistance turned in to support today. This 396 resistance range was breakout with big bullish candle on 15-07-2021. So this type of correction was expected. Tomorrow, 20-07-2021, if it sustain to trade and follow trendline then there will be up movement. It can face the first resistance at 400-403 range. Once this range broken then aggressive trader can took position till target of 407. For the safe trader it it better to take position after 407. Targets are mentioned on the chart. Below range of 392 it can give a safe short/sell trade. Let's see how price action works tomorrow. All the best for the trading tomorrow. Do comments if you have any doubt.
NSE:HINDALCOLong
by Trading_hawk
1
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
NSE:HINDALCOLong
by PrakWorld_Traders
Late night Technical analysis talk Follow me on trading view : in.tradingview.com This is a series where we discuss stocks recommended by you guys: Just comment on the fav stock you want analysis on or DM me ;) 👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. ✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock 👑 Important levels - explained well 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
NSE:GRANULESLong
by Averoy_Apoorv_Analysis
14
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.
NSE:HINDALCO
by GavinChris
Hindalco - Chart Reading - Logic and Plan💲💲🌟 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 🌟💲💲 ✺ LOGIC ✺ ✣Yellow Trendline: OKOK resistance ✣Pink Trendline: Good Resistance ✣Red trendline: STRONG SUPPORT ✣Green trendline: Good support ✺Plan - Either Buy at such levels with a SL of 4% (low-risk high reward setup ) - Or wait to drop a bit more if it does than a good buy at red trendline :) - Meanwhile, if you missed it and it went up then a good long only after all trendlines are broken. 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:HINDALCOLong
by Averoy_Apoorv_Analysis