HINDALCOHINDALCO broke above triangular pattern with good volumes on an hourly charts.
Could be bought with mentioned stoploss & target.
HINDALCO trade ideas
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.
Hindalco Chart 4Hafter using fib tool I am able to See that below Fib level there is volume gap or price displacement. I think that price to moving to fill that gap. after filling the gap I am expecting price to reach atleast 50% of Fib level. This is not financial advice . profit or loss its all yours .
Hindalco - Looks weakHindalco looks like is consolidating just near immediate support and is ready to provide another leg of fall. I had given caution around 25th Jan in few groups to stay away from Metal ....
Expecting some more pain in Metals unless recent swing highs are taken out ...
HINDALCO EXPECTED TO SHOW SOME BOUNCEHindalco trading near it's hourly support zone @ 405 - 395 and expected to show a bounce towards marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
HINDALCO Bearish MoveHINDALCO closing 415.25 Sell with StopLoss 430 then targets are 400-380-.
Selling Reason.
1. <--> Price Break the Trendline and also Range Breakdown.
2. <--> RSI close below 40.
3. <--> ADX is also show the BEARISH move and -DMI is rise.
4. <--> Volume also show the Breakdown.
5. <--> Also Breakdown of RISING WEDGE.
Hindalco Wave UpdateHindalco can rise to 436 levels to complete Wave C of B which should be followed by Wave (C) down so we would trade this setup on short side when the pullback is complete.
HINDALCO-- UPDATE : 9/3/2023 --DOUBLE BOTTOM -DAILY CHART HINDALCO --DAILY CHART --SETUP
1. This is reference ro eariler idea oF GOOD -BUY--HINDALCO ,
9/03/2023
UPDATE : Double bottom formation seen at support level sub 400 , , Bullish CCI DIVERGENCE, CCI, ema crossover seen.
HAPPY TRADING .!
intraday
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
HINDALCO-- UPDATE : Rounded Bottom Bullish chart pattern. HINDALCO ---UPDATE : 06/03/2023 -- ROUNDED BOTTOM BULLISH CHART PATTERN --DAILY CHART
1. This is reference to previous idea of HINDALCO -- , we can see rounded bottom cup formation of chart ,
2. correcttion from 480 sub level sub to 400 level downtrend form, and after support formation of 400 level curve seen upside level .
3. 415 form as support , stock seen close around this level which is near by trendline breakout , if breakout candle seen then stock will be at bullish zone . for target 440-480 + as mention in previous idea.
4. Nearest support level 404-408 , resistance 425-440
5. CCI , EMA bullish crossover seen ,
** . arrow indicate rounded bottom formation levels.
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !!
HAPPY TRADING !!
