HINDALCO trade ideas
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
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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.
Hindalco view and levelsNSE:HINDALCO
15min close below 360 can trigger selling pressure and the possible targets are marked in the chart. positional view
Hindalco Updated Chart ! Uptrend !TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 8-10 times.
hindalco long stop loss and target are mentioned in charts,investors can hold it for longer time and dont forget to like and buy on dips
Hindalco - Chart Reading - Logic and Plan💲💲🌟 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 🌟💲💲
✺ LOGIC ✺
✣Yellow Trendline: OKOK resistance
✣Pink Trendline: Good Resistance
✣Red trendline: STRONG SUPPORT
✣Green trendline: Good support
✺Plan
- Either Buy at such levels with a SL of 4% (low-risk high reward setup )
- Or wait to drop a bit more if it does than a good buy at red trendline :)
- Meanwhile, if you missed it and it went up then a good long only after all trendlines are broken.
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Swing Opportunity in HindalcoGo Long above 397.6 for Targets of 413.85 and 430.1, with SL 381.35
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish candlestick pattern, Bullish Hammer (marked with an orange circle) is formed at 0.382 Fibonacci level.
3. Also there is a Demand Zone (marked with a green rectangle ) around 0.382 Fibonacci level from which the stock is taking support and moving up.
4. In addition to this the stock is forming a bullish chart pattern ( Double Bottom / W Pattern) around 0.382 Fibonacci level.
5. Also there is a high chance that stock can give a trendline breakout.
HINDALCO - Hourly Analysis Head and shoulder breakout Short HINDALCO - Hourly Analysis
Head and shoulder breakout
Short Below 380 - 1 hour candle closing basis
Target 370-360-350-340+
SL above 400 (candle closing basis)
Can buy 380 PE - once trade conform
BEARISH PENNANTBEARISH PENNANT forming on HINDALCO 15,5 MIN. WITH AN EXPECTED RRR OF 1:3.
THIS IS NOT A TRADING ADVICE.
Hindalco Bearish Descending Triangle ShortPositional Trade(3-4 weeks): Hindalco's fate is hanging by a thread. Bearish breakout is imminent.
Short: Hindalco
CMP: 381
Target: 340
Stop Loss: 395
