HINDALCO +ve Price Action at ₹430 Multi-Support zoneHINDALCO has made Beautiful Bullish Engulfing and Hammer Candlestick Pattern at ₹430 Price Action Zone
The Stock is 32% away from its 52week high
Fundamentally Strong is again gearing up for next Bull Run(Expected) as it has taken support at Trendline and ₹430 Support Zone.
Enter at CMP ₹434 and SL of ₹425(2.4%) Low Risk Appetite
with Target of 1st. ₹500 (14%)
2nd. ₹520 (24%)
3rd. ₹600 (38%)
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
HINDA trade ideas
SupportTechnical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Support occurs where a downtrend is expected to pause due to a concentration of demand.
Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Script = Hindalco
Time Frame = 1 Day
Hindalco Cmp 435 dated 14-2-2023 Educational PurposeHindalco Cmp 435 dated 14-2-2023
Educational Purpose:-
Recommended this stock on 10-2-2023
We analysed following points on chart :-
1. Power of the Support Line.
2. Got reversed 4th time from strong support
line.
3.Our stop loss was saved by .35 paisa.
(Power of Correct Analysis).
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
HINDALCONSE:HINDALCO
The 200EMA of the Stock is at 443.
Sell below 442 for Targets of 428/420, with stoploss at 454.
The Stock is already falling in a WolfeWave setup with tagets to the line connection Point 1 and 4.
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Hindalco Cmp 445 dated 9-2-2023 Triple Bottom @ SupportHindalco Cmp 445 dated 9-2-2023
1. Triple Bottom made @ support line.
2. RSI Reversal
3. Reversed from Support Line.
Buy @ Cmp for target 455-468-482-495-500 SL 425
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
HINDALCO - Ichimoku Bullish Breakout Stock Name - Hindalco Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 504
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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BTST Trade Ready to FLY 5%Channel Brakout in HINDALCO
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 9-10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 500
Target Price 527
Note:- I am not SEBI Registered This Trade is only educational Purpose
HINDALCO -- Daily Trendline Breakout HINDALCO --DAILY TRENDLINE BREAKOUT --CHART SETUP
1. Hindalco seen Daily trendline breakout at last closing session .
2. currently stoock trading at upper channel higher high and higher low formation seen on daily chart after sharp fall towards 320 sub level .
3. channel support seen at 360 sub level and resistance at 480 level of channel .
4. trix line seen crossover at center line ( o line ) and move at upword direction which is bullish signal
5. one can buy at 400-405 level for positional target 425-450-480 + ( 1-2 Month ) Stop loss can place bellow channel support at 355
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk.!
HAPPY TRADING . !!
HINDALCO for longHindalco Industries Ltd Shareholding Pattern is stable. Good for long term investment.
Buy above 500 price and hold for 630 target. Analysis is based on 125 min time frame. See the chart and take decision after on own analysis.
PROS
Company is expected to give good quarter.
Company has delivered good profit growth of 47.5% CAGR over last 5 years.
Company's working capital requirements have reduced from 24.5 days to 19.3 days.