HINDA trade ideas
Today - Cash 32 %, Futures - 27000, Options - 27300 details mentNSE:NMDC
NSE:HINDALCO
NSE:SAIL
NSE:NATIONALUM
Today Results;
4 Swing trades : 32% ROI (Cash-1 Day)
Options : (''27,300) 4 trades
Nickel: 18*1500=27000
NSE:NMDC - 5 %
NSE:HINDALCO - 12%
NSE:SAIL - 10 %
NSE:NATIONALUM - 5%
MCX: Nickel - 18*1500 = 27000
HINDALCO CUP AND HANDLE PATTERN | TRADE SETUP FOR 29-07-2021NSE:HINDALCO
Today it tested the support of 407 range which is just above the consolidation zone. Which shows now the level 407 range is strong support zone.
Simple Trade setup for 29-07-2021.
Again today it closed above 415 level. If it remains above 415 then it will give good opportunity for buy trade above 415 level. Targets are marked on the chart.
Do comments if you have any doubt or suggestion.
Hindalco: Good pattern formation.NSE:HINDALCO
Good chart formation.
Inverted Head and Shoulder pattern
Good demand zone in RSI
Holding 404 levels, stock may rally.
Metal sector is the current flavor of the market, performing strong in these range bound times.
T: 427, 448
SL: 404 on closing basis
Disclaimer: This is NOT an investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
HINDALCO - Triangle Breakout PatternBuy Price - Above 398 (Look for Good Volume Too)
Stop Loss - 380
Target 1 - 427
Not a recommendation. Purely for educational purposes only.
HINDALCO - Long once 426 zone BO
On weekly TF, on consolidation zone & BO initiated with volume support.
On Daily TF, if 426 range broken tomorrow/nearby, then strong move upwards
BREAKOUT TRADE 🤑inverse head and shoulder breakout buy above 426 stoploss 407-405 and target is 450 2nd target is 460 . have a nice trading
HINDALCO CUP AND HANDLE PATTERN BREAKOUT| TRADE SETUP 28-07-2021NSE:HINDALCO
Today, 27-07-2021, it gave perfect breakout of cup and handle pattern with good move and volume. Also our Target hit.
Trade Setup for 28-07-2021.
It closed above 415, which is a good sign.
TOMORROW, if it goes below 415 and then test the support from range of 412.80-413, then go bullish. For Intraday, at least Book your profit or partial profit at 420 level.
As 420 is having highest call writing addition today. And if it keep on trading above 420 then the next target will be 425-428 zone.
For the sell side once it breaks the 410 level with bearish red candle then go short till 1st small target 407 and then 400.
Hope you had a good profit from this trade today. Do comment if my ideas are helping you to understand trend, levels and price action.
Let me know if you have any doubt or suggestion.
HINDALCO | CUP AND HANDLE PATTERN | TRADE SETUP 27-07-2021NSE:HINDALCO
HINDALCO , has formed now a cup and handle pattern.
Good buying opportunity will be above 405 level. Target mentioned on the chart.
HIndalco at breakoutNSE:HINDALCO
HIndalco at breakout, it will give good up move if it sustain above 420
HINDALCO LONG SIGNALHINDALCO can given good upside breakout above 401 - 404 levels.
can move towards upper FIBO LEVELS in coming days.
Resistance - 415.60, 445.15, 470.25, 514.05
View Negates below - 380.05 levels.
CONSOLIDATING. MAY MOVE EITHER SIDE IN COMING DAYS!Strong above 404, weak below 380. May take upto a week before a big move either side.
Hindalco - Resistance Breakout ViewHindalco :
Resistance Breakout View
Candle Close above 407 can take this to 416 and possibly new 52 week high 428
Support at 400
HINDALCO | LEVELS AND TARGET | 20-07-2021NSE:HINDALCO
Today HINDALCO Tested previous resistance of 396 level and that resistance turned in to support today.
This 396 resistance range was breakout with big bullish candle on 15-07-2021. So this type of correction was expected.
Tomorrow, 20-07-2021, if it sustain to trade and follow trendline then there will be up movement. It can face the first resistance at 400-403 range. Once this range broken then aggressive trader can took position till target of 407.
For the safe trader it it better to take position after 407. Targets are mentioned on the chart.
Below range of 392 it can give a safe short/sell trade. Let's see how price action works tomorrow.
All the best for the trading tomorrow.
Do comments if you have any doubt.
