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Hindalcotrade

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.
NSE:HINDALCO
by Mambotrade
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
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. ------------------------------------- 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.
NSE:HINDALCO
by Trading_hawk
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. ------------------------------------- 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.
NSE:HINDALCO
by Trading_hawk
1
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. ------------------------------------- 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.
NSE:HINDALCO
by Trading_hawk
2
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. --------------------------------------------------------- Hope I made it simple to understand the levels and trade setup. Do comment your doubt or suggestion. All the best.
NSE:HINDALCOLong
by Trading_hawk
12