HINDA trade ideas
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Hindalco Harmonic buy - Short term Target 1 494
Target 499
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Hindalco Regression channel TradeHindalco indicates a short term bullish trend. The previous day ended green which signifies a bullish pattern. One can buy near 475 and buy on dips uptown 465. The SL of 463 is on closing basis. In case at 3:20 PM the stock is trading below 463 then you should exit.
This trade has been picked up by our Algorithm. For more updates follow us FinclaveCo.
HindalcoI am taking a position in Hindalco for a long Trade.
The idea behind the Trade:
1) RSI is positive and has shown a convergence breakout.
2) Golden Cross Over just after the breakout of the Channel.
3) Although the Shorter super trend hints at a Buy Signal, the longer super trend still shows a Downward trend. So you can wait for the trend to turn fully green. But as RSI breakout is supporting my view, hence I am proceeding with the trade.
First Target is 506.
The second Target is 545.
Stoploss is 453.35, You can take some buffer.
Hindalco breakout buy above 469Hello traders, the last stocks are performing well in this short time bullish market for now.
Hindalco has given breakout above 460 levels and the volume shows institutional activity so I'll consider this a high probability trade.
It is also a ascending triangle breakout, so it gives us another bullish trend confirmation.
Buy above - 469
Targets mentioned in the chart above.
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VCP PATTERN- BREAKOUT- HINDALCOHindalco Made a VCP Pattern and broke the Pivot with High Volume. After Breakout took a small pause and moved up with a considerable volume.
During VCP volumes (sell) decreasing which makes a good probability of a up move.
NSE:HINDALCO
Note: This is for educational purpose only, not for any buy/sell recommendation.