HINDA trade ideas
Hindalco Cmp 412 dated 19-9-2022Hindalco Cmp 412 dated 19-9-2022
1. Triangle Pattern formation
Breakdown below 405
Sell below 405 for target 395-385-378-365 SL 425
Buy trade considering taking support @ trendline.
Buy @ Cmp for 425-440-445-450 SL 400
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, pls trade at your own risk.
HINDALCO --- INTRADAY SETUP -- 19/09/2022** HINDALCO -- INTRADAY SETUP -- 15 MIN CHART -- 19/09/2022
1. Trendline breakout seen at 15 min chart last 15 min candle
2. trix histrogram seen crossover at current level
3. bullish signal from ssl channel indicator
4. pullback candle seen from oversold at 15 min chart
5. intraday support seen at 405 and resitance 430-435 level
6 BUY around 408-412 intraday target 420-425-430 stop loss at 400
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
** trade at own risk !!
HAPPY TRADING.!!
HINDALCO FOR 19 SEPTEMBER 2022As in the chart, we can see that HINDALCO successfully achieved its previous breakout zone but started consolidating at the level of 412 - 450. It created a box pattern. based on these levels we are expecting a gap-down opening which can lead it to up to the level of 400.
expected price opening to be around 412 to 410
THE FIRST TARGET ON SELL SIDE is FRIDAY'S low which is 405.
For the BUY Side, it must have taken the support of 412 which makes it hold that level and continue to be in the consolidation zone.
further buying is possible only when it breaks the level of 450.
NOTE- If open flat and try to trade in less quantity as it can respect the support level.
selling side can be possible only trying to go below 412 or 410.
level 405 (previous low) is a 50 DMA line on that level so it can go for a u-turn from that point if that break we can hold for the lower point.
Intraday/positional buy ideaThe stock is consolidating in a range for over a month and looks good intraday above 448 for intraday targets 450 and 452. If it gives a day closing above 448 one can buy positionally for targets 460 and 470.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
YR 2022 Idea #151: Long on HINDALCOThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
HINDALCONSE:HINDALCO
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose