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.
HINDALCO trade ideas
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
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
