BREAKOUT TRADE 🤑inverse head and shoulder breakout buy above 426 stoploss 407-405 and target is 450 2nd target is 460 . have a nice trading
HINDALCO trade ideas
HINDALCO CUP AND HANDLE PATTERN BREAKOUT| TRADE SETUP 28-07-2021NSE:HINDALCO
Today, 27-07-2021, it gave perfect breakout of cup and handle pattern with good move and volume. Also our Target hit.
Trade Setup for 28-07-2021.
It closed above 415, which is a good sign.
TOMORROW, if it goes below 415 and then test the support from range of 412.80-413, then go bullish. For Intraday, at least Book your profit or partial profit at 420 level.
As 420 is having highest call writing addition today. And if it keep on trading above 420 then the next target will be 425-428 zone.
For the sell side once it breaks the 410 level with bearish red candle then go short till 1st small target 407 and then 400.
Hope you had a good profit from this trade today. Do comment if my ideas are helping you to understand trend, levels and price action.
Let me know if you have any doubt or suggestion.
HINDALCO | CUP AND HANDLE PATTERN | TRADE SETUP 27-07-2021NSE:HINDALCO
HINDALCO , has formed now a cup and handle pattern.
Good buying opportunity will be above 405 level. Target mentioned on the chart.
HIndalco at breakoutNSE:HINDALCO
HIndalco at breakout, it will give good up move if it sustain above 420
HINDALCO LONG SIGNALHINDALCO can given good upside breakout above 401 - 404 levels.
can move towards upper FIBO LEVELS in coming days.
Resistance - 415.60, 445.15, 470.25, 514.05
View Negates below - 380.05 levels.
CONSOLIDATING. MAY MOVE EITHER SIDE IN COMING DAYS!Strong above 404, weak below 380. May take upto a week before a big move either side.
Hindalco - Resistance Breakout ViewHindalco :
Resistance Breakout View
Candle Close above 407 can take this to 416 and possibly new 52 week high 428
Support at 400
HINDALCO | LEVELS AND TARGET | 20-07-2021NSE:HINDALCO
Today HINDALCO Tested previous resistance of 396 level and that resistance turned in to support today.
This 396 resistance range was breakout with big bullish candle on 15-07-2021. So this type of correction was expected.
Tomorrow, 20-07-2021, if it sustain to trade and follow trendline then there will be up movement. It can face the first resistance at 400-403 range. Once this range broken then aggressive trader can took position till target of 407.
For the safe trader it it better to take position after 407. Targets are mentioned on the chart.
Below range of 392 it can give a safe short/sell trade. Let's see how price action works tomorrow.
All the best for the trading tomorrow.
Do comments if you have any doubt.
DON'T BLAME ME FOR CHANGING VIEWS AGAIN!!When scrip is doing so how an I help!! After a little bit of melting,it is again solidifying. One must be aware when he is going wrong & prepare to take advantage of changing scenario!! It is to be remembered that there are always valid alternate wave count to help you.NOW BUY >395/96 with sl <387(closing).
Hindalco - Channel pattern🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Buy HINDALCO ! Multiple ConfirmationsA short term buy call for Hindalco.
Current market price in good demand zone and rejected lower trend line of channel.
MACD shows good crossover.
9/21 EMA crossover happens.
short term buy with a target of 470
Hindalco Has Broken Out of Falling Wedge Pattern BullishHindalco has been falling from its ATH of 427.50 from 10th May onwards and has made a Falling Wedge Pattern.
It has broken above with good volumes but the point to note is that it has gapped up and made a spinning top like candle in the 1Hr and 2 Hr candles which is half of the Evening Star Candle Pattern. So in the short term it could see a reversal.
So it would be prudent to go long only after a retest of the trendline and a Bullish confirmation candle for the following targets.
T1-405.50
T2-427.50
selling idea for intraday selling idea for intraday 19/07/21
sell hindalco only below red trend line
HINDALCO Rounding Bottom breakoutNSE:HINDALCO
On daily time chart, HINDALCO gave rounding bottom breakout.
Critical support is 398.
Upside Targets are mentioned on chart.
Hindalco Industries Ltd : Upside or Downside Momentum ? CommentChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer:
This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
The above references as an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
HINDALCO looking good !A bullish engulfing kind of pattern has been formed in D chart.
A trendline BO done near 386 lvl.
Closing above previous high.
TGT 405/413
Sl 386 clbs
Option Strategy : July 395 CE @ 8-11 TGT 16 sl 6.5
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
