VIEW ON HINDALCOStock can be kept on radar
After crossing 530 levels it can held up to 538 and 560 levels also
Support placed near today's low 515
I am just representing my views.
For educational purpose only.
HINDALCO trade ideas
VIEW ON HINDALCOStock can be kept on radar
After crossing 530 levels it can held up to 538 and 560 levels also
Support placed near today's low 515
I am just representing my views.
For educational purpose only.
HINDALCO - Weekly AnalysisIn the Weekly Chart of HINDALCO ,
we can see that, it has retested and created a Hammer candle on trendline.
Enter on breaking its High with Low as SL.
HINDALCO 1:5.5+ RR trade set up1. Trend bullish
2. Set up: Breakout & Retest
3. RR 1:5.5+ reversal trade set up
4. Double bottom at retest
Buy Put on every up move as per your risk capacityThis is the classic example of trend breakdown
if close 200 ma than more down side can possible..
do not buy put in deep buy put in up move.. keep stoploss as per given above the level..
next if any stoploss revise than update you
The correction is doneElliott- thats a zig zag corrective pattern on the 4hr chart. C leg is complete. Hence new five wave should begin from here.
Fib- the extension is indicating the 495 and 475 as strong support. The counter reversed from 495. Fib confluence is at 500 and then 466. Hence any dip to 466 will be a welcome opportunity.
Conclusion- zig zag is a bullish corrective pattern and fibs and RSI are indicating support. Hence to me this is a welcome correction.
High Risk Trade Usually I don't trade in a "Falling Knife" scenario and definitely don't recommend others as well. But the volume on the fall and that days low (496.35) not being broken is indicative of the stock being bought by strong hands. Yet you never know...
So trade this one with extra caution with low quantity and a stop loss of 496 (red dotted line) on closing basis. Although 540 is going to be a hurdle to cross, we can try for a target of 580 (blueline).
--- --- ---
Never trust a trading guru who claims to have all the answers.
Hindalco bearish batbearish bat pattern at weekly chart
it is huge fall in this week
S1 (457) is next support
It is just a view, please trade at your own risk. I'm not SEBI registered adviser
HINDALCO✅ Wait for Price to touch this trendline 495-505 level
✅ Look for Strong Reversal on Smaller Time Frame as Double Bottom or any other strong
reversal.
✅ Look for Strong Signal.
Hindalco- LongHindalco it has taken reversal from the bottom and we can see it has formed an inverted H&S Pattern in 30 min time frame. Where we can expect the target for 600 first and then 620 in the month of Feb
HINDALCOHindalco appears to be making an effort to resume a positive trajectory, and if it continues to rise above the 568–570 mark, I think there is a high chance that it will be rewarded.
I believe they might be trying to reach the highest peak, which is roughly 9–10%.
This is solely being done for educational purposes.
Please speak with your advisor before making any investments.
HINDALCO - WEEKLY TF ANALYSIS - 27th November #stocksHINDALCO (1W TF)
Trade Analysis given on 27th November, 2023 (Monday)
Pattern: ASCENDING TRIANGLE
- Neckline Resistance Breakout - Done ✓
- Retracement + Consolidation - In Progress
- Volume Spike - In Progress
#stocks #swingtrade #priceaction #traderyte #hindalco
Hindalco support levelsHindalco showed handsome up move and now witnessing the minor pullback. Hindalco approaching major support levels. If stock breaks the support zone, next support zone placed at 540-545 zone. If stock confirms the intermediate support long position can be initiated.
HINDALCO 10% upside possible in 20-30 daysHINDALCO 10% upside possible in FEB Series
LTP - 564
Targets - 620+
SL - 542
Timeframe - 20-30 days
Happy Investing.
Hindalco Here, we have attached the Technical analysis chart for Hindalco,
Hindalco is in the range which have drawn in the chart and once it tried to break but unfortunately it couldn't and many SL got hit and so that we have noticed huge sell off then, and the price moving between range continued again ....
In the chart we have mentioned support and many important levels which will definately help you ...
If you love our anlaysis please follow and boost the post for more analysis like this ....
Hindalco sell given on 22 jan 17 points profit 508 Target On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
HindalcoHindalco trading in monthly resistance. In small trime frame we expect on small bullish rally from here. wait for trend line breakout with good sentiment. we expect price reach all time high.
now hindalco is at demand zoneNow Hindalco is at daily demand zone , there is high possibility for price respect the suppl zone and price go higher
Hindalco, big target and small SL perfect risk:rewardNifty Metal is almost on the verge of breakout... so will pick the index movers.. Hindalco.
symmetrical traingle formed..
Green : Targets
Orange : Stop Loss
Stock is volatile and volumes in good in F&O so you sell some put options ...
SL - below 390
HINDALCO : Cup and Handle BreakoutA cup & handle Breakout in conjunction with Triangle Pattern Breakout
Retest is pending for the triangle pattern breakout.
Hindalco is moving based on the support line support for long.
Waiting for a retest to enter with SL below
closing of the support TL
One can enter now as well with 50 % qty just not to miss the trend for targets of 510/550/630.
DISC: Only for educational purposes. please consult your financial advisor before entering.
HINDALCO:Lekely Cup &Saucer Breakouts HINDALCO:Has formed a nice C&s Pattern in weekly chart.Spurt in volume at around its neckline breakout level of 510 suhhests a target of 550+ in due course.(For educational purpose only)
HINDALCO INDS BULLISH# HINDALCO INDS #
# LONG TERM VIEW BULLISH
# BUY ABOVE : 505
# TG : 600 - 620
# CBSL : 460
# R : R - 1 : 2
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
HINDALCO INDUSTRIES SOON 600/-i am not SEBI registered this is for educational purpose Only ,
Prior taking trade Pl consider your risk and reward
