Hindalco ltd. in a downtrend nowadays. According to Harmonic pattern & Fibonacci, there are some important levels to short :- Target 1 - 566.00 Target 2 - 550.00 Trade will be only Confirmed if price close below 580.00 on Daily Timeframe.
NSE:HINDALCO #HINDALCO reached resistance and completed pullback and shown good volume in reversal with big green candle. levels marked on chart. Happy LEarning.
Hello traders, the last stocks are performing well in this short time bullish market for now. Hindalco has given breakout above 460 levels and the volume shows institutional activity so I'll consider this a high probability trade. It is also a ascending triangle breakout, so it gives us another bullish trend confirmation. Buy above - 469 Targets mentioned in the...
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...
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...
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...
In the process of Wolfe Wave formation. 450-440 is a very good accumulation zone. The reason is the 100 DMA , which has acted as a very strong support earlier and the Fibonacci retracement (Gann Level & Golden ratio level). Wait for it to respect the pattern and confirm a reversal. Then the targets will be update in update idea section. CHART & ANALYSIS - ADARSH DEY
Hindalco is taking support from a trendline on daily timeframe, after a good fall it is probably taking a correction/retesting. As on the previous day it has formed a Doji candle. There is a good chance that the price could go up from here in a few days or weeks.
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. ...
Hindalco 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 :...
Hindalco 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...
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...
NSE: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...
NSE: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...
Target:- 646 Stoploss:- 436 Stock has already touch the support line, take support and going upward. This is clear indication of short term bull run. So we can take long position there.
HINDALCO 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...
HindalCo made Flag Pattern, We can expect good moves in upcoming days.
NSE:HINDALCO Simple Trade Setup for 09-08-2021. Chart and levels are easy to understand. Do comment your doubt or suggestion.