HINDALCO INDUSTRIES DAILY CHART ANALYSIS AS ON 02.05.2022HINDALCO INDUSTRIES as per daily chart analysis it has formed a MORNING STAR DOJI and stock above 486.50 for a Target 497
HINDA trade ideas
Hindalco for positioningHindalco have strong support level @ 470. Hindalco provide a positioning trade with a 20 points stoploss with 1:3 RR
Hindalco forming evening star.Hindalco forming a evening star pattern on a monthly time frame.
In the month of April the stock has already given a downside movement of 15% and can move below upto the level of 410.
On weekly time frame, the stock has closed below the 20 ema.
The stock on daily time frame has been consolidating in a range and has closed below the 200 ema and a support level of 488.
Analyzing the stock on 4 hour time frame,the stock looks bearish as it has given a bearish moving average crossover and has been taking resistance form its 20 ema.
Support :- 477, 465, 448
Resistance :- 488, 510
The stock can move further down and on multiple time frame analysis its bearish with moving average, volume and candlestick chart pattern.
Wait for the price action before entering the trade.
Hindalco Possible Dist/Accum Range being createdWe saw a range expansion after a 12 year long consolidation and now prices are failing to sustain stronger outthrust. Based on the Daily and Weekly PA , we are very likely to create a Accumulation/Distribution Range for creating a fresh base on the monthly PA.
We will trade the range based on the Liquidity pools of the internal Range.
-Aakarsh Nadella
Hindalco 1D Sharkhindalco bottom after breakout failure.
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HINDALCO AT CRUCIAL RESISTANCE The current resistance zone is crucial for Hindalco
Expect bounce back to previous uptrend channel atleast
Keep watch for price-action at the channel restest (580-90)
Hindalco -Broke Support(s)Hindalco : Looks very weak
Broke multiple supports
Might fall till 515 soon
Hindalco near crucial resistance level.Hindalco is trading near its 20 ema on an hourly time frame.
It has been respecting its resistance level too.
If the stock trade below the 539 level, it can fall further.
If the stock gains bullish movementum and closes above 551 levels, it can move upto the level of 563
Support :- 539, 528, 516
Resistance :- 551, 563
Wait for the confirmation with volume analysis.
It can be an intraday or swing trade.
Keep eye on hindalco # HINDALCO ...✅
All levels given in charts for intraday as well long term ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
IF Tomorrowwe seen positive movementum then this levels are very useful for our stock options...
Possible to give good target
TRADING FACTS
Fibonacci Support AnalysisFibonacci retrenchment is universily verified thought that no body moves continuosly but it takes break in journey and this rule is more valid in the share market , there are so many Fibonacci percentage but I use Only three that is 0% 50% &100% . If any stock price touch to 0% and 100% it must move if there is no news...first axit at 50%.
Currently this stock about to touch 100 % so we will observe and when it comes to near we may buy...7808133909
HINDALCO at Trend Channel resistanceHindalco is trading at channel resistance. A weakness with nifty weekly chart likely. many times we see a stock reverse after facing such running resistance. This is a educational view. Keep watch
Hindalco Indus Analysis April 2nd weekI will strongly prefer Price to come into my zone & play as per my price action strategy.
All levels Clearly mentioned in the chart i hope this will helps a lot.
Bullish RSI Hidden DivergenceBullish RSI hidden divergence formed. Currently scrip is in up trend.
Entry: 587.5
SL: 570.4
Target-1: 637.5
Target-2 can be trailed with 50% of initial position.
Sell HINDALCO below 569Sell #HINDALCO below 569 keeping SL@597.40 for the target of 512.30
NSE:HINDALCO
HINDALCO Rounding BottomNSE:HINDALCO
#NSE:HINDALCO formed beautiful rounding bottom, breakout confirmation may give good momentum.
Levels marked on chart for practice.
Happy LEarning !!
44 MA support + double bottom There is a support from 44 MA and as well as there a double bottom .Stop loss is just below the moving average and the support and resistance area.You can also choose 50 but i prefer 44MA
Risk and Reward is 1:2 .
Also double comformation is giving by support and resistance area .
Trade must go on for one week or so .
HINDALCONSE:HINDALCO
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hindalco negative diversion given early signal of trend reversalHindalco negative diversion in MACD and RSI given early caution signal
trendline breakdown given awesome down move of 5%
now trend is sell on rise
HINDALCO LONGBreakout retrace pattern done
Volumes are a concern hence a risky trade
Traget : 664
SL: 619 (Closing)
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