HINDALCO INDUS- BREAKOUT. Strong buying seen in the last trading session with good volumes. Near the daily trend line and has given a breakout of a strong resistance zone in 15 min time frame. RSI ABOVE 80. looks very bullish.
HINDALCO trade ideas
Hindalco Daily Chart Following the trendlines very nicely and should show some more up moves as per the trendlines.
Comment your view.
No Trade Suggestions
Only basic trendline view
Thank you
Hindalco to go higherHindalco has recently given a channel breakout. Considering its uptrend and the global demand of manufacturing materials it is about to go higher according to my view.
Some reasons and signals are as below:
1. Overall uptrend
2. MACD giving upward direction
3. Stochastic also confirming up trend
4. RSI is above 60 and stock has gained momentum despite of negativity due to corona scene
5. DMI too is rising with current value at 26.7
6. High volume decisive candles giving all time high breakouts
7. Monthly candles are challenging upper bollinger band indicating strong momentum
8. After chinese new year some recovery on part of china and many countries regarding corona situation, plus manufacturing process getting back on track is giving rise to metal demands
Target - 416
Hindalco Successful BREAKOUT with Volumes!Everything is mentioned in the chart. One can wait for the Retest and enter the Trade after Confirmation.
HINDALCO looks good !!!HINDALCO : cmp : 367.1
looks good to me until 361 lvl is protected in clbs.
TGT 384/400
SL 352
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
HINDALCO RISING WEDGE PATTERNHINDALCHO IS FORMING RISING WEDGE PATTERN IN DAILY TIMEFRAME. WE NEED TO KEEP EYE ON THIS FOR A GOOD MOVE,POSSIBLITY OF DOWNSIDE 70% AND UPSIDE 30% SO WE CAN GET GOOD RETURN IF BREAKS DOWN.JUST WAIT AND FOR BREAKOUT.
[Positional] Hindalco Ascending Triangle PatternNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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Hindalco May Take Support 354-352Hindalco is taking support from the lower blue line and it takes to support this time too, we may see its ATH and upper levels. If it breaks the green support zone, the level marked with a white line may be seen.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
HINDALCO: Ascending Triangle BreakoutOne should go long keeping the sl of 370 for the target of 420 area
Hindalco - Ascending TraingleHindalco moving in an Ascending Triangle.
Tested Resistance at 375 multiple times. Resistance breakout can take price up to 400 levels.
Targets mentioned on chart.
BIG MOVE COMING IN HINDALCOI HAVE GIVEN CALL YESTERDAY TO ENTER ABOVE 380. BUT TODAY MORNING I WE HAVE ENTERED FROM 371 IN OUR PREMIUM GROUP . THIS IS CALLED RIPPLE. OUR SL IS AT COST.
TO JOIN OUR PREMIUM GROUP
CONTACT US.
CONTACT NUMBER GIVEN IN PROFILE.
Keep an eye on HINDALCOBeing on uptrend from a long time, we can see even more bullishness IF COVID WON'T ATTACK THE MARKET. Wait for the confirmation candle(lets volume confirms first) and then enjoy the bullish ride.
Short Call for HindalcoThis is just for Educational Purpose.
As we see the resistance is strong and it tried to cross the resistance 4 times but could not.
PCR is also showing .093
