HINDALCO trade ideas
Hindalco BO above 382, T1 390, 396Please trade using strict stop losses, I am not a sebi registered trader/broker, above views are purely mine and can be used for educational purposes!
REMEMBER "METAL IS MELTING"?Well,it is molten quite a bit since last published. Made quite a few points for followers. Now struggled to gain some ground to upper trend line as envisaged long back( it is abiding by the path drawn like a good student!).One can initiate fresh short trade with sl>383.Standard disclaimer: this is my personal view & mkt may or may not follow. One must use personal analysis/judgement/seat belts.
can you identify this moveAs metal stocks are in consolidation but still we can keep Hindalco on our watchlist.
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Bounce from Major Support | Postional TradeThe stock is taking support from 50 EMA, volumes are expanding, trading near support zone and RSI taking support from 40. Multiple confirmations to go long.
HINDALCO for BuyToo much of Trend line Support
Too little Resistance
Head & Shoulder Pattern
Oversold in MACD (DAY)
Too Much of Consolidation
Metal Sector may Perform again
Tgts 420++
Sl below 350
Elliott wave - Mega move expected Its making a running flat correction right now . After this is over look out for a big wave 3 to happen . I would be long in this at the trading edge. Regards
HINDALCO BUYING OPPORTUNITY Hindalco Looking for a buying opportunity
If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis
Hindalco Bearish ascending channelThe stock has formed a ascending channel and breakdown from the channel expecting down side and also formation of head and shoulder pattern
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Long trendline breakout. Can this go further?It has given a breakout on the basis of huge volumes for years long trend line. Then came back again to the trend line to take support and go up again. Will have to see if it has more steam left to go up further
Nice Short OpportunityA very awesome opportunity to sell
Reasons to sell-
1. Uptrend Channel broken
2. Formation of lower highs
3. Fib Level
Hindalco intraday view for 25th JuneMetals may be in momentum tomorrow. I believe Hindalco to be in momentum as well. As per the chart on the smaller timeframe, the direction is unclear but positionally 350 should act as major support. As long as 381 is not breached on hourly timeframe, I am positionally short in this stock.
