Hindalco Price is consolidating in a narrow range. Buy above 444 with the stop loss of 440 for the targets 448, 452 and 456. Sell below 438 with the stop loss of 442 for the targets 434, 430 and 426.
HINDALCO trade ideas
Hindalco India : Study & Forecast Hello beautiful people,
I am going to present hindalco future trend in near future, as we can see hindalco has broken the tradeline which was the strong support for the uptrend , short-covering also done to the respective tradeline.
In 4 hours chart we can see the rejection candle formed but confirmation yet to be done any red candle on 4 hours chart will indicate a clearer downtrend for hindalco. However it is still taking support of 100MA that can play major role here .
Few target that can be seen in hindalco are given below
435
430
425
Thank you so much for paying attention. Pls follow me for amazing things in future
Note -
This is just an educational post I do not recommend any buying or selling by the post, All the investors are advised to get in touch with their financial advisor regarding any kind of buying or selling advise on the posted idea.
Hindalco Weekly Elliott Wave Counts Hindalco charts are reflections of Aluminium Price moves only difference is Hindalco did a little more than 50% Retracement of Wave A fall where as Aluminium did very small retracement ideally Hindalco should head towards 235-200 levels in Wave C in next few months.
Reason for why should you watch Hindalco !!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 Higher.
Don't forget to follow
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Hindalco inds, long viewHindalco inds, long-term view
1. 6+ months range breakout
2. Retest/pullback going
3. Bullish chart pattern.
Long-term view bullish on hindalco inds long at 480 with target upto 540 & 640 after pullback done with support at 425.
Analyse and wait for pullback complete.
For education purposeChart is self explanatory for learning ,consolidating from past few months, taken support of 100 sma and the previous breakout support, ready to move upward.
Hindalco Short TermHindalco Short Term
As of now at resistance.
Can go short below 458
with SL of 471 to start with and then can be trailed .
HINDALCO LOOK GOOD FOR LONG (1:17 R:R)hindalco, good for long with very good risk reward of 1:17, you wont get this type of RR easily.
entry- 386.2
stopped- 379.5
target - 494
you can check my previous trades most of them are in good profit.
now i will provide you best RR trades, minimum 1:5 R:R trades,
low risk high reward.
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thanx.
Upcoming Trade set up One can wait for daily or Minimum of 2 Hour reversal before taking up trade , Book an ideal target forecast made here
Kindly note all the entry & stop should be based on your own Methods
Good luck
Hindalco Chart look simple but trapsWeekly candle strongly close above previous high. Daily candle reversal candle in trendline area😇😇..
Only buy above 470 stop loss 456
Short below 456 stop 470
I am expect down side
Monday will give clue in which direction
HINDALCO | Resistance became Support now• Resistance broken . Retest done.
• Entry:- 460.55
• Upside PRZ levels can become our targets.
Targets :- 500.80 , 527.90
Stop Loss / SL :- 429 Support zone .
HINDALCO INDhindalco ind daily time frame inverted head and solder pattern good breackout and retest the naickline
as expected moov in more than 30% upside.
BIG PROFIT IN SMALL TIME- HINDALCOHey its a good trade.. 5th wave is going. Also super bullish movement this time..
HINDALCONSE:HINDALCO breaking out of Cup & Handle Pattern.
Has formed a Good Base and now ready to scale to New Highs.
#HINDALCO#HINDALCO, stock retested its support in weekly time frame and moving higher, TGT 1&2 may be seen.
Important Trending support zone Short below trending support zone and long if it takes support from that trending support zone.
Hindalco at edge of breakoutHindalco at Resistance with low volume..wait and see if it can break 445 or get bearish if closes below 432
HindalcoPrice is consolidating in a narrow range. Sell below 447 with the stop loss of 451 for the targets 443, 439 and 435. If price show bullish sign then can buy above 453 with the stop loss of 449 for the targets 457,461 and 464. Any one who trade with strategy and manage risk can become a profitable trader.
hindalcohindalco break major resistance. but it can possible price going in down side for short term. because clearly M pattern is break. But major trend is up. PRICE IS GOD AND CHART SHOWS CANDLE AND CANDLE HELPS SHOW PRICE MOVEMENT.
TARGET SL AND SOME SELL REASONS MENTIONED IN CHART.
Thanks.
Breakout in HindalcoChart -> Hindalco Daily
Hindalco has given a breakout above previous 4 times resistance zone with good volumes.
CMP: 455
Targets: 512, 560
Good to add: Around 440
SL: 413 Daily close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
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