Hindalco is moving in a channel and also in a triangle "Hindalco is moving in a channel and also in a triangle "
A good opportunity in Hindalco either we go for long / short by seeing the break out accordingly..
For the time being wait and watch.
* this is for study and analysis purpose only *
Thank you .
Hindalcoshort
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 near crucial resistance level.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 analysis.
It can be an intraday or swing trade.
SHARP V RECOVERY IN HINDALCO !!!NSE:HINDALCO
What will happen next ???
Hint:- {
Today it faced again resistance @ its all time high..
it's a buzzing stock in market too...
it's Almost making double top...
}
Choose any one options from below
A) will it be able to shoot up again ??
B) will it fall from double top ??
Comment down your answers with justification ,Let's see who will be good @ prediction....!
Follow me , for more IMPORTANT CHART pattern discussions...!
@VK2413
Happy Trading buddies...Like❤️ the chart if you loved the concepts..
Hindalco in a parallel channelHindalco has been consolidating in a parallel channel for 7-8 days.
The support for the stock is near 550 levels.
If the stock gives a breakout on the upper side the achievable targets are around 600 and 620 levels.
The trade can give momentum,
Daily time frame is good as the consolidation is what we look for.
Wait for the breakout of the parallel channel and trade accordingly.
Support :- 550
Resistance :- 600, 620-23.
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 | 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.
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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.
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.
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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.
HINDALCO: CASE OF ENDING DIAGONALENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began.
Trading strategy:
One should go short on current levels keeping SL of 510 & look for the target area of 440/420/400
HINDALCO HIGH PROBABILITY SHORT TRADEHindalco has a very important 6 time support from where it has recovered several times before . Recently the stock gave closing near this support . If the stock manages to break the support this time then we can see very good bearish momentum and easy intraday profits can be made.
ENTRY : 474.0 (CLOSING OF 15 MIN BELOW THE SUPPORT)
T1 : 468.80 (EASY TARGET)
T2 : 464.0 (IF STOCK GIVES CLOSING OF 15 MIN CANDLE BELOW T1)
HINDALCO INDSHindalco stock has made double top on hourly time frame along with bkt , bearish hidden divergences rd in rsi, macd, stochastic etc, we are having bearish bias in this stock, one can go short at these levels or on rise ( if any ) with stoploss of 486, all the key levels are mentioned on chart along with stoploss and targets.
key levels are mentioned on chart along with stoploss and targets
wave structure could be like this
macd in daily in negative croosover
macd in hourly started down tick
rsi in hourly below 60 now
dmi are converging in hourly
Bearish RD in rsi in hourly
Bearish RD in macd in hourly
Bearish RD in stochastic in hourly
BKT
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Simple Trade Setup | HINDALCO | 20-09-2021 [INTRADAY]NSE:HINDALCO
Observations:
1) On Daily Time Frame:It made strong bearish Candle but taken support from 10DMA. Also closed just above critical level of 470.
10DMA is placed at 471.22 level.
Please refer below chart : Daily time frame.
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Trade Setup for Date 20-09-2021:
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.
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 respsective 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 Trade Setup | HINDALCO | 11-08-2021HINDALCO
It has been taking support from the trendline.
If tomorrow, 11-08-2021, it takes support from the trendline or breakout this trendline then it will be a quick buy trade.
Safe buy trade will be above 430 level breakout with RSI trendline breakout. If 430 levels breakout but RSI trendline still remains below trendline then better to wait.
Below is the chart on Daily Time frame. As you can see it has breakout kind of rounding bottom and now it is testing the breakout level of 425. If it remains and takes support from 425 then for positional trade it will be good buy entry. And it it closes above 436 level then it will be considered as a reversal of downtrend.
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Hope I made it simple to understand the levels and trade setup.
Do comment your doubt or suggestion.
All the best.