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
HINDALCO trade ideas
hindalcoHindalco (NSE Cash)
Market cap:785.102B
Vol: 5.322M
LTP: 360.80
Support: 349.60
Resistance: 369 / 375
Daily charts (long term)
The candle that is being made today looks like a reversal because it has bounced back after taking support at the 20 DEMA which is at 349.33
MACD is neutral as it is in the bull zone but the bars are red and there is a slight reversal as well.
RSI is showing a reversal as well after taking a support at the 55 mark which is a good signal.
***Can buy for short to medium term investment
Hourly charts (medium term)
A marubozu white candle which is a bullish candle is being formed at this point.
Volume is a big green.
MACD has a green bar after a long time and a small reversal towards the bull zone is seen.
RSI is very strong and trading above the 50 mark.
***Can buy for short to medium term investment
15m charts (short term)
a strong green candle followed by a confirmation green candle.
Volumes are neutral.
MACD is strong green and in the bull zone trading in the bull pattern.
RSI has resisted the 70 mark so we might see a small correction before the stock tries to break the jinx.
***Can buy small qty.
hindalco descending triangle pattern hindalco forming a descending triangle pattern can look yo short below 354 if volume comes target 350
Hindalco Making Descending Triangle and about to Break Out/DownWait for Break out or Break Down. Happy Trading!
Rising channel with weaknessHindalco looking good for the selling in short term, RSI also showing bearish divergence, we just wait for the channel breakdown below 354 is best opportunity to short.
Hindalco - Triangle breakPrice forming a triangle pattern after the huge fall in price. Wait for the price to break the triangle before initiating a trade.
Hindalco good short candidate.Hindalco spot cmp 362
Alternate bearish ABCD pattern formation
monthly time frame,,
view gets negated above 400 on daily closing basis
can give a fall of 25-40% from current levels
Good short candidate
HINDALCOAfter breaking monthly trend line this stock is making higher highs and higher lows. Can be a good bet above 370-375. For educational purpose only. Kindly contact your financial advisor before entering any trade,
Short HindalcoI have given buy call to enter from 350
and it had given 7.5% in just 3 days.
So, kindly book 80% profit and hold 20% for the final target 385 and 400
. we will reenter after 380.
But if I see in short side RR is too good .
if you see any 15 min red candle on 19th March then short . SL will be just above the high of that candle.
Hope You guys made some money.
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HINDALCO CUP AND HANDLE 15 MINHindalco forming a cup and handle pattern in 15 min chart...upmove possible.
Note: For education purposes only.
Buying opportunities for 19th April Monday BAJAJELEC , GLENMARK,
Apart from the stocks and sectors mentioned in the video, I forgot to mention a few more stocks that I had shortlisted. They are,
BAJAJELEC
GLENMARK
WIPRO
The key levels to watch out for trading next session are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
