HINDALCOHINDALCO on the verge of breaking out of descending channel pattern on an hourly charts with decent volumes & very good risk:reward ratio.
Could be bought with mentioned stoploss & target.
HINDALCO trade ideas
Hindalco Looking bearish on Weekly chartsSell Hindalco below 400 target will be 380 with a minum SL of 5 points. Selling can resume if it goes below 375.
Hindalco IndustriesA Head & Shoulder Pattern forming on a weekly basis on hindalco cards!! I believe a few days consolidation for right shoulders and then a fall till 315 levels... Update you Very soon.
Hindalco can be bullish?Watch daily chart of hindalco stock. A very high probability that stock can form bullish candle near the TL support. So on any bullish candle near the marked area would be the good entry with very good risk to reward trade. Keep the stock in your watch list. This is for your educational purpose only.
GOOD --BUY -- HINDALCO GOOD - BUY-- HINDALCO --DAILY CHART SETUP .
1. Hindalco trading at upper channel on daily chart .
2. Currently stock trading at lower support at upper channel , at near strong support line. so as GOOD BUY LEVEL at risk reward ratio.
3. DAILY CHART trix line shows at oversold level as well as at positive crossover
4. one can initiate BUY 420-425 for target 450-480-500 + short to mid term STOP LOSS 399 bellow strong support line
5. RISK REWARD RATIO 1.4 fom current level
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !!
HAPPY TRADING. !!
Weekly trenind breakout strategy Hindalco stock trading around weekly trendline after breakout this trendline and then resistance at 500 we have a move in upside up to 630 leval's
Hindalco JackpotHindalco Closing 446.15. with stop loss 420 then targets are 474-500.
Hindlaco Buying Reason.
1 --> Price crosses the Resistance and sustain the Support.
2 --> RSI is above 60.
3 --> ADX is show the Bullish move and +DMI Rise.
4 --> Volume is show the Bullish move and ready to breakout.
5 --> Bollinger Bands are ready to open and ride on the band.
HINDALCOHINDALCO broke above triangular pattern with good volumes on an hourly charts.
Could be bought with mentioned stoploss & target.
HINDALCO Long #NIFTY50 #StockmarketIndiaStock appears to be consolidating with a bullish pattern on a lower timeframe at a crucial juncture , something that most of the times reverses steadily
Entry and target levels on the chart for referrence
Hindalcolooks good on daily frame , hovering at very imp key level . one can go long for 442 with sl of 420
HINDALCO - Swing Trade || 10th April, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the 10th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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#Hindalco Analysis Stock is near to give BO on daily time frame makind round bottom pattern with good volumes build up, follow chart for proper entry and exit levels.
Hindalco Ind SwingWeekly and Daily TF looks bullish and structure has shifted and it is ready for impulsive move
HINDALCOTHE IDEA WILL BE ONLY FOR STUDY PURPOSE . wait for the breakout till then keep your eye on the stock
HINDALCO Looks Bullish200 EMA and 50 EMA crossover happened for HINDALCO.
Details are mentioned in the chart.
** I AM NOT SEBI registered advisor please consult financial advisor for your investment.
**This is only for educational purpose you can also share your thoughts on the comments
Preparing for breakout, Keep this in radarThe scrip is preparing for breakout, keep in radar. easy trade setup.
#Educational #Metal #Hindalco Ind - SHORTHindalco Looking bearish :
1. Trading below 200 EMA
2. Trendline breakdown after several days consolidation.
3. Volume Supported.
4. RSI below 40.
5. Metal index also looking weak.
Time to give a scare to CE writers ??Falling wedge (Ending Diagonal) is normally the end point of any corrective structure in EW terms.
Even the current structure seems to have completed with this ED.
The correction halted (if it has) near the golden ratio of the last rise from June lows.
Today's close will be crucial in assessing if the correction is over - close coupled with Buy crossover in momentum indicator will confirm.
Above 398-402 zone, the recovery could pick up speed as call writers may run for cover (we are already seeing covering in 410CE today).
Can the price give a scare to 420CE writers (having highest OI).
Lets see....
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
Hindalco BullishHindalco Closing 398.8 with a stop loss of 360 then targets are 425-445-470.
Buying Reason.
1 --> Price is ready to break the range and resistance trendline.
2 --> Volume is also good and ready to give a breakout price.
3 --> RSI is above 40 and made a #Bullish #Divergence.
4 --> On a weekly chart candle is positive.
