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HINDALCO INDUSTRIES LTD.HINDALCO INDUSTRIES LTD.HINDALCO INDUSTRIES LTD.

HINDALCO INDUSTRIES LTD.

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HINDALCO trade ideas

Technical Analysis of the Hindalco Chart-: Previous Price Drop: The chart highlights a 48.24% drop (around ₹285.10) in Hindalco’s stock price during the 2022–2023 period. This significant decline was followed by a strong recovery, which indicates a sharp downtrend during that period, possibly caused by broader market trends or sector-specific issues. Recovery and Uptrend: Following the bottoming out, the stock has seen a recovery of 51.67% (₹305.20). The recovery has taken the stock to the current price levels of around ₹682.20. This reflects a V-shaped recovery, a common pattern after significant market corrections, signaling that Hindalco is in a strong uptrend phase. Consolidation Phase: After the recovery, the stock seems to be in a sideways consolidation pattern. This is typically seen when the market is gathering momentum for the next potential move. The stock price has been fluctuating in the ₹600–₹700 range, indicating indecision or profit booking. Volume Analysis: The Cumulative Volume Delta (CVD) at the bottom shows both buying and selling pressure, indicating that the stock is attracting both buyers and sellers during this consolidation. Higher volumes at critical price levels are often a sign of interest from institutional investors. Possible Opportunities: Breakout Potential: The stock is trading near ₹680-700. A strong breakout above ₹700 with high volume could signal a continuation of the uptrend towards ₹850-900, as indicated by the projection box. Based on the historical movement, the next upward target could be in the ₹900 range. Risk of Correction: If the stock fails to break out and sustains below ₹600, it might indicate the start of a correction, with possible support levels around ₹500-550. Key Considerations: Sector Influence: Hindalco is heavily influenced by the aluminum and metal sector. Global metal prices, economic conditions, and government policies on mining and exports will play a critical role in the stock's performance. Macro Environment: Keep an eye on inflation, interest rates, and commodity prices, as these can have a direct impact on Hindalco's profitability. Conclusion: The stock has shown a strong recovery from its lows, but the current consolidation suggests a wait-and-watch approach. A breakout above ₹700 with good volume could be a buying opportunity with a target of ₹850-900. If the stock breaks below the ₹600 level, there might be a deeper correction. This chart shows a balanced scenario of risk and reward, making it important to monitor the breakout and support levels for trading opportunities.
NSE:HINDALCOLong
by shivtoshiva2022
HindalcoChannel move is tricky to trade and I can see channel formation in multiple time frames, though the angle of channel it different. Buy above 665 with the stop loss of 660 for the targets 670, 675 and 680. Sell below 655 with the stop loss of 660 for the targets 650, 645 and 640. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:HINDALCO
by vanathi
HINDALCO 1HRINTRADAY TRADE - EARN WITH ME DAILY 10K-20K – HINDALCO IND Looking good for Downside.. When it break level 703.45 and sustain.. it will go Downside... SELL @ 703.45 Target 1st 699.90 2nd 695.80 FNO HINDALCO SEP FUT – LOT 5 (Qty-7000) HINDALCO SEP 720 PE – LOT 5 (Qty-7000) – PRICE (28.65) Enjoy trading traders.. Keep add this STOCK in your watch list.. Big Investor are welcome.. Like this Post??? Hit like button..!!! Follow me for FREE Educational Post and Alert..
NSE:HINDALCOShort
by Prashant019
Hindalco Industries Ltd - Breakout OpportunityDate : 22-Aug-2024 LTP : Rs. 685.55 Next Resistances: (1) Rs. 715 --> (2) Rs. 790 SL : Rs. 608 on daily close basis Technical View: • NSE:HINDALCO is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 712.10 on 10-Jul-2024, it has retraced 15% to 608 level. • On 21-Aug-2024, NSE:HINDALCO has broke out from it's secondary downtrend with higher than average volume. • NSE:HINDALCO is trading above 20 DMA and 50 DMA. On 19-Aug-2024 it closed above 20 DMA and on 21-Aug-2024 it closed above 50 DMA. • RSI is already in buy zone and trading at 61.20. • MACD has already crossed over it's signal line and about to cross 0 line. • Looking strong to start a new swing from here. Like the analysis? Boost/Like this idea and follow my ID. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:HINDALCOLong
by vicky252
HINDALCO BEARISH HARMONICS BUT BREAKOUTHINDALCO BEARISH HARMONICS BUT CAN ATTEMPT BREAKOUT TOO... CMP 473 shorts in range 488--491 with keeping 504 as closing basis STOP_LOSS for SHORT TERM TGTs 477 / 466 / 458 / 450 <450 IMPORTANT ZONE FOR BOUNCE OR BREAKDOWN> IF closes below 450 TGTs 442 / 430 / 410 / STRONG DEMAND AT 380--385 levels.. --------------------------------------------------------------------------------------------------------------------- IF CLOSES ABOVE 500 FOR 2 DAYS ATLEAST IT WILL BE CONSIDERED AS BREAKOUT FOR:-- 537 / 567 / 580 / 590 WITH SL OF 480 closing basis.. --------------------------------------------------------------------------------------------------------------------- HARMONIC SHORT IN RANGE 595--601 targets and sl will update when short triggers... Regards... Keshav.. 02/01/2023 Disclaimer: I am not a SEBI Registered analyst...!! Charts are made only for study purpose and paper trading... !!
NSE:HINDALCO
by Harmonics4Life
4
Good buy HindalcoHindalco is fundamentally a very good stock and has given good returns in the past. Currently, it has formed and given a breakout of a symmetric triangle pattern in a weekly timeframe with good volumen and trading in a daily/weekly channel. It has cleared its first resistance which was a zone of 450 and is now ready to travel up to the upper body of the channel. A fresh position can be created at CMP or in the dip in the price zone of 410-430. Keep a strict stop loss of 380. It has the potential to give a return of 20-30% in the coming weeks. Happy trading :)
NSE:HINDALCOLong
by ProPriceActionTrading
HINDALCO BREAKOUT AND RETEST , EASY 14% GAINHindalco Industries crashed by over 12% on Tuesday as a significantly higher spend on capex with lower expected returns for a facility being set up in the US is seen hurting its earnings. however the profits have been trebled QOQ basis . Techincally the stock was in process of forming cup and handle pattern on larger scale however it tanked and went in other direction . The stock has taken support at the previous resistance of 504 which shows that the bearishness in the stock is not going to prevail and it can rally till 622 , and 924 in long term
NSE:HINDALCOLong
by keshavmaharaj958
2