HINDA trade ideas
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.
DON'T BLAME ME FOR CHANGING VIEWS AGAIN!!When scrip is doing so how an I help!! After a little bit of melting,it is again solidifying. One must be aware when he is going wrong & prepare to take advantage of changing scenario!! It is to be remembered that there are always valid alternate wave count to help you.NOW BUY >395/96 with sl <387(closing).
Hindalco - Channel pattern🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Buy HINDALCO ! Multiple ConfirmationsA short term buy call for Hindalco.
Current market price in good demand zone and rejected lower trend line of channel.
MACD shows good crossover.
9/21 EMA crossover happens.
short term buy with a target of 470
Hindalco Has Broken Out of Falling Wedge Pattern BullishHindalco has been falling from its ATH of 427.50 from 10th May onwards and has made a Falling Wedge Pattern.
It has broken above with good volumes but the point to note is that it has gapped up and made a spinning top like candle in the 1Hr and 2 Hr candles which is half of the Evening Star Candle Pattern. So in the short term it could see a reversal.
So it would be prudent to go long only after a retest of the trendline and a Bullish confirmation candle for the following targets.
T1-405.50
T2-427.50
selling idea for intraday selling idea for intraday 19/07/21
sell hindalco only below red trend line
HINDALCO Rounding Bottom breakoutNSE:HINDALCO
On daily time chart, HINDALCO gave rounding bottom breakout.
Critical support is 398.
Upside Targets are mentioned on chart.
Hindalco Industries Ltd : Upside or Downside Momentum ? CommentChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer:
This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
The above references as an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
HINDALCO looking good !A bullish engulfing kind of pattern has been formed in D chart.
A trendline BO done near 386 lvl.
Closing above previous high.
TGT 405/413
Sl 386 clbs
Option Strategy : July 395 CE @ 8-11 TGT 16 sl 6.5
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
HINDALCO on the cusp of breakoutPrice is near overhead supply zone after breaking out from the symmetrical triangle formed after the strong uptrend.
Keep an eye!
Keep supporting! Keep learning! Keep earning!
Buy HINDALCO INDBuy HINDALCO IND Above 398
For the Target of 407-421-430
Stop-loss One Day Close Below 20 DMA
HINDACLO NEAR TO BREAK OUT CATCH IF YOU CANAll Level Mark for ascending channel breakout
looking forward to accept your views.
Hindalco Ind. could be a good short term investment opportunity!Hindalco Ind. has consistently been honoring its resistance level and the support level.
Higher highs and higher lows showed since 25th February 2021 indicates the uptrend for the stock.
Bullish Engulfing candlestick pattern formed at the resistance level with the increasing RSI and recently occurred MACD crossover could be interpreted as the indicators for a long call with a Stop Loss at 344 which is a Fibonacci Retracement level (0.236).
Considering the above technical Indicators Hindalco Ind. seems like a good buying opportunity for a short term investment horizon i.e. 1 week to 1 month.
