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HINDALCO INDUSTRIES LTD.HINDALCO INDUSTRIES LTD.HINDALCO INDUSTRIES LTD.

HINDALCO INDUSTRIES LTD.

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HINDALCO trade ideas

Hindalco_On The Verge Of All Time High_Giving Breakout After Bre*Safe Target 622 within next week* #Breakout: Identification: Look for a significant price level, such as support or resistance, where the price has historically struggled to move beyond. #Confirmation: Wait for the price to break decisively above (in the case of a bullish breakout) or below (in the case of a bearish breakout) the identified level. This breakout should be accompanied by increased trading volume to confirm the strength of the move. #Retest: After the breakout, wait for the price to pull back and retest the broken support or resistance level. This is an opportunity to enter a trade if the retest suggests that the breakout is valid. Entry and Stop-loss: #Bullish Breakout: Enter a long position after the retest confirms support turned into resistance. Place a stop-loss order below the retested level to manage risk. #Bearish Breakout: Enter a short position after the retest confirms resistance turned into support. Place a stop-loss order above the retested level. #Target and Risk Management: Set a target based on the expected price move after the breakout. This could be determined by measuring the height of the pattern that led to the breakout. Use risk management techniques to determine the position size based on your risk tolerance. #Monitoring: Continuously monitor the trade to assess its progress and adjust the stop-loss or take-profit levels if needed. #Additional Confirmation: Consider using additional technical indicators or chart patterns to confirm the strength of the breakout and retest.
NSE:HINDALCOLong
by Pranay_Kamdi
2
Can Hindalco be left behind?Metal sector when turning up,Hindalco can n't be left behind. This chart has been with me since long. Immediate target minimum 577 can be reched with in few days. Analysis is from january 22. 1st wave being a leading diogonal.Structure being 5+3+5+3+5 There after retracement of 2 nd wave which 61.8 percent of 1 st wave. Now 3rd of 3 rd wave is in progress. Minimum of 577 is seems to be assured. Don't forget to like this post if it helps you. Follow me to get updates. .
NSE:HINDALCOLong
by bijoy2526
#Hindalco Multi Time Frame viewThis post covers Multi time frame analysis. On monthly tf Hindalco gave a multi year resistance breakout in 2021 Feb and from there it went on to become double. During June 2022, it corrected and retested the same trendline resistance which now became support. Weekly TF : On weekly TF; it is making HL since Covid Low and has been consistently taking good support around 200 ema on weekly tf.. Currently consolidating in a triangle and the volumes are rising and last week's volume are highest since Nov 2022. RSI is also showing a sign that it will give a breakout soon Daily TF : On daily tf; good accumulation + previous BOF of the IB on 29th May with less volumes. It did a bull trap and then came back into the came range again. However, it has again given breakout and of the same range and the volumes are bit higher with RSI & MACD both giving upticks. Also, last friday it made a open low with a breakaway gap. A good signal overall of strength coming back in this counter Hourly TF: On hourly tf; RSI is bit overheated - so any pullback towards lower support may provide a good short term trade. However as larger trend is looking it is finally turning tide towards +ve side; overall looking very good now with smallest possible risk
NSE:HINDALCOLong
by aktradelearning
HINDALCO: Wao...! Lessthan intrinsic value&near to book value..!Why to choose: Aim for long term only. 1. Cup and handle pattern. 2. 19 months of accumulation period completed, 3. Compound sales growth 14% , 4. compound profit growth 16% , 5. below intrinsic value , 6. Stock is trading at 1.15 times its book value. Thanks for day trader Telugu and other Masters helped me to learn market. Note: this is only for educational purpose and I am not a SEBI registered advisor, please consult your financial advisor before investing ever hard earned money.
NSE:HINDALCO
by SudhakaraRatnaGupta
HINDALCO Bullish; above 510 on Thursday 16 Nov. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:HINDALCOLong
by JJ_Breakouts