Trading Idea #3 For week starting January 10 #HINDALCOStock is trading above key resistance level 487. It is a very good long candidate with STOP LOSS of 480 and TARGET 547. Risk reward ratio at current market price 493.50 will be 1:4.
HINDA trade ideas
Ascending triangle breakout ascending triangle breakout stock started to show momentum after retesting the breakout levels are mentioned in chart
Do your own analysis before entering the stock
Swing Trade Analysis Hindalco StockHINDALCO stock Analysis for short term trade.
NOTE
We are not SEBI registered
Analysis is shared here is only for educational purpose.
Please consult your financial advisor before any trade.
We are not responsible for your loss.
HindalcoPosition call
Hindalco
Above 468
Target 488,508,548
548 above closing that position will be more upside
Stop loss 460
#Hindalco cash: Looks good around 468-471#Hindalco cash -Positional call
02 Jan 2022
Looks good around 468-471
stoploss at 455
Target 496-500
(Risk free once close above 500 for 540/580)
Cmp 475.55
HindalcoBuy above 477 with the stop loss of 473. Targets are 481, 485, 489 and 494. Sell below 471 with the stop loss of 475. Targets are 467, 463 and 458.
Cup and Handle Breakout in HindalcoClassic Cup and Handle Breakout on Daily Chart with good volumes. Wait for the retest before entry. Good Luck 🤞
Hindalco inv. Head n Shoulders at the parallel channel supportHindalco Price in a parallel channel towards the upside
Chart Pattern : inverted HnS at the support of parallel channel
HINDALCO looking good on chart.HINDALCO looking good on chart.
It broke the pattern strongly with good volume. Look for some good opportunity.
hindalco formed triangle pattrenlooking good for go long
it is for swing trade
it is educationl purpose only
CRUCIAL ACTIONExpect up move,
Crucial action at 468, if sustains for sometime then upmove otherwise fall expected 448
Breakout Stock for SwingInverse Head and Shoulder pattern spotted on 1 hr time farme. Levels are on chart. Post is for analysis purpose only
Simple Trade Setup | HINDALCO | 23-12-2021 [ INTRADAY ]NSE:HINDALCO
Observations:
1) On 1day time frame,it gave breakout of both 100DMA and 50DMA.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
LOOKING GOOD FOR SWING TRADING
analysis on HINDALCO
took SUPPORT from MAJOR TRENDLINE and 200 SMA @ 407
now HINDALCO BREAKS MINOR TRENDINE @ 444 which gives more confirmation and MACD CROSSOVER also indicates that its good for taking swing trade .
Simple Trade Setup | HINDALCO | 13-12-2021 [ INTRADAY]NSE:HINDALCO
Observations:
1) On 1day time frame, it is between 50DMA and 100DMA.
In last session it closed just at 100DMA.
100DMA is placed at 455.33 and 50DMA is placed at 467.45 level.
Immediate Breakout level is 460.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see it is forming rounding bottom pattern with breakout level at 460.
However major breakout level is at 480 level.
Please refer below chart : 1hr Time Frame.
3) On 15min time frame, we can see that it has been consolidating between 452-460 level range.
Please refer below chart : 15min Time Frame.
-------------------------------------
Trade Setup for Date: 13-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Long oppertunity in HINDALCOStock bounced back from 200 EMA, support zone and trend line. Clear RSI divergence happening from 4th November to current high. Also MACD crossover is favoring the movement.
I take previous swing low as my SL and follow 1:1.5 R:R. I recomment you to take only 1% of capital risk and trade the script.
HINDALCO HINDALCO is forming the trend line. Above 459 looks good for Intraday
Analysis is only for Educational Purpose
[ INTRADAY ] HINDALCO LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
HINDALCO INDSHINDALCO INDS
It has broken a trend with the perfect move, chances are for long. I have marked the support and resistance
