HINDALCO | Strong breakout and retest - New trend aheadHINDALCO | Strong breakout and retest - New trend ahead
CMP : 625
HINDALCO trade ideas
Hindalco Industries Ltd - Breakout OpportunityDate : 26-Mar-2024
Rating : Buy - Positional Trade
LTP : Rs. 558.65
Targets: (1) Rs. 620 --> (2) Rs. 636 --> (3) 675
SL : Rs. 515
Technical View:
• NSE:HINDALCO is in its primary uptrend since end of Jun 2023 and was recently going through it's secondary downtrend.
• After touching the high of 608.95 on 8-Feb-2024, it has retraced 18% to 499 level.
• NSE:HINDALCO has broke out from its secondary down trend on 15-Mar-2024 with higher then average volume.
• RSI has crossed 50 on 21-Mar-2024 and MACD crossed 0 on 22-Mar-2024.
• Looking strong to start a new swing from here.
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.
Hindalco - extremely bullish Hindalco given excellent Q3 results, price is making fresh all time high. cup and handle pattern in chart. handle it self is 100 rs so share price can increase 100 to 300 rs in a yr or any time based on Q4 results/
HINDALCO-A xlear breakout and ready to flySwing trading HINDALCO buy above 600-649
Try to buy an accumulation basis
SL below 580
Target 694, 740,770,930
Hindalco weekly breakout Hindalco weekly breakout with all time high it is good for a keep in radar for one month
HINDALCO Multi-Year Cup and Handle Pattern BreakoutHINDALCO Multi-Year Cup and Handle Pattern Breakout with good Volumes.
T1 - 743
T2 - 903
Hindalco 108 weeks breakout.for educational purpose :
cmp - 649-650
1st target 728-732 (12%)
time frame - 30-45 days
will update as per the movement
note: not a trading idea plz consult your financial advisor
Hindalco - Cup n Handle Breakout - Weekly ChartHindalco weekly chart breakout - Cup and Handle chart pattern formed on weekly chart of Hindalco. This is only for my study and not a call for buy or sell. Kindly do your own analysis.
Hindalco Weekly Chart - Cup and Handel BreakoutOn a weekly chart price has given a breakout of the cup and handle pattern at 618 level. At currency juncture price is trading at 648 level. Momentum oscillator RSI has given positive crossover.
If price respect the level of 618 price can rally towards 780 level.
HINDALCOHindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group.
HINDALCO - Ichimoku Breakout📈 Stock Name - Hindalco Industries Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 638.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Hindalco - Cup & Handle BreakoutDecent volumes in the last week and strong volumes in this week as well, a good price action breakout from the cup and handle pattern.
Target of 900++
SL 505
Ascending Triangle pattern breakout in HINDALCOHINDALCO INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Ascending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 650+.
✅Can Go Long in this Stock by placing a stop loss below 614-.
Breakout Stock This metal stock near breakout zone.Hindalco is one of India's biggest aluminium manufacturing company and the world's largest flat-rolled products player and recycler of aluminium.
Cup and Handle on weekly, Buy and Hold for long term !Hindalco is completing Cup and Handle on weekly charts. Very good stock to hold for next few years.
HINDALCO bullish; above 620 ? - Monday 15th Apr.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Short on Hindalco Took rejection from a trendline, target and Sl marked.
This only for educational purposes, trade at your own risk.
Just A View - Gap Fill - HINDALCO📊 Script: HINDALCO
📊 Nifty50 Stock: YES
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminums Products
Key highlights: 💡⚡
📈 There was a huge gap down on 13th Feb so, Script may fill the gap.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 558
🟢 Target 🎯🏆 - 593
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Hindalco has come near upper end of channel PatternHindalco was oscillating in the Range of 500 to 540 from past many sessions
Recent the price gave Breakout above Range and came near upper end of channel pattern
Let's Track the price movement from here,
If it give Breakout above the pattern or comes back into the Range
* For Education Purpose
Practice and Learn Price Action Setups
HindalcoHindalco buying opportunity 550-520 positional trade with SL 500 expected TGT 580-600 CMP 560.25
VIEW ON HINDALCOGood chart structure
Buy above 550
Target 568/590/610
Stop loss 525
I am just representing my views.
For educational purpose only.
HINDALCOstock looking good above 541 stock consolidated in a range create resistance at 540/541 on monday if stock open below 540 once take resistance on 540/541 and make higher low then break high 541 it will go up
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
pls like and share
HINDALCOHINDALCO
At Resistance of a Range
Keep an eye
Positive if sustains above 543
But till then cautious till below resistance zone
