With metals continuing to melt upwards.. Hindalco with its upcoming IPO of Novelis could have some huge rerating triggers.. Long above 662 with a stoploss below 643. The stock would breakout into a new high on the backing of firm metal prices.. The Novelis story is the company is owned by Hindalco and is looking to IPO on the US markets at a valuation of $18B....
HINDALCO | Strong breakout and retest - New trend ahead CMP : 625
Hindalco is making an all time high which broken the resistance in weekly timeframe and re-tested it. Please check the entire video and do let me know your suggestion/ideas of how price might behave in near future.
Faced multiple rejections at ATH that too with good volumes but did not follow through RS became positive and Raising RSI is strong Sector is one of the strongest right now With SL 608.7 one can trade for 1R and then trail using ST
Date : 26-Mar-2024 Rating : Buy - Positional Trade LTP : Rs. 558.65 Targets: (1) Rs. 620 --> (2) Rs. 636 --> (3) 675 SL : Rs. 515 Technical View: • NSE:HINDALCO is in its primary uptrend since end of Jun 2023 and was recently going through it's secondary downtrend. • After touching the high of 608.95 on 8-Feb-2024, it has retraced 18% to 499 level. • ...
NSE:HINDALCO On weekly chart Hindalco gives a bullish brakeout Investors can invest in Hindalco @640-660 Sl 540 Target 850,1010 For more trading and investment ideas join us on WhatsApp 7017711978
Hindalco given excellent Q3 results, price is making fresh all time high. cup and handle pattern in chart. handle it self is 100 rs so share price can increase 100 to 300 rs in a yr or any time based on Q4 results/
Swing trading HINDALCO buy above 600-649 Try to buy an accumulation basis SL below 580 Target 694, 740,770,930
Hindalco weekly breakout with all time high it is good for a keep in radar for one month
HINDALCO Multi-Year Cup and Handle Pattern Breakout with good Volumes. T1 - 743 T2 - 903
for educational purpose : cmp - 649-650 1st target 728-732 (12%) time frame - 30-45 days will update as per the movement note: not a trading idea plz consult your financial advisor
Hindalco weekly chart breakout - Cup and Handle chart pattern formed on weekly chart of Hindalco. This is only for my study and not a call for buy or sell. Kindly do your own analysis.
On a weekly chart price has given a breakout of the cup and handle pattern at 618 level. At currency juncture price is trading at 648 level. Momentum oscillator RSI has given positive crossover. If price respect the level of 618 price can rally towards 780 level.
Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group.
📈 Stock Name - Hindalco Industries Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 638. 🚨Disclaimer: This is not a Buy or Sell...
Decent volumes in the last week and strong volumes in this week as well, a good price action breakout from the cup and handle pattern. Target of 900++ SL 505
HINDALCO INDUSTRIES LTD Key highlights: 💡⚡ ✅On 1 Hour Time Frame Stock Showing Breakout of Ascending Triangle Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 650+. ✅Can Go Long in this Stock by placing a stop loss below 614-.