Hindalco bullish trade. Target 576, 60% upside potential.Hindalco is in higher high and same base or higher low formation along with nifty metal making the same formations. Highly bullish bias.
HINDA trade ideas
HINDALCO Bullish Flag BreakoutHINDALCO has given a bullish flag breakout at the 1.618 Fib level. 440 seems like an achievable target.
HINDALCO - Bullish Flag Pattern with confirmed Breakout.HINDALCO - Bullish Flag Pattern with confirmed Breakout.
HINDALCOHindalco is looking bullish in both long term and short term perspective. For short term enter only above 363 with the target of 406 and stop loss of 346.5.
This is only for educational purpose. Trade with your own risk.
Hindalco Industries Ltd If this breaks the high of the breakout candle, you have to enter
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My SL is below the supporting level
Hindalco Flag pattern breakoutBreakout of Flag pattern has occurred with volume in HINDALCO. It can give quick returns in a short span. One can enter in the positional trade at around 330-335 with a strict stoploss.
Bullish Breakout on HINDALCO Hindalco is giving a bullish breakout from a flag pattern, which marks the end of the correction phase and the stock is ready for its upward movement. MACD is almost ready to give a buy signal, while 5 day EMA is cutting 13 day EMA, which is again a bullish signal. The stock is also giving a multi-year breakout. Can go long on Hindalco for a positional trade.
Any retracement till 340 or 338 would present a good buying opportunity.
Stop Loss 325
Hindalco Supported by Sector MovementA long term channel breakout. Lets see how it behaves...
Note: Pl do due diligence before acting on the idea
Hndalco WeeklyHindalco weekly channel breakout retest and continuation. Looks good for long entry now with Stop below 300.
Great Buy in steel sectorBreakout candidate in steel sector. Risk taker can buy at the opening of market risk averse can buy after confirmation on Monday. But by looking at its peers we can expect massive movement on Monday itself.stop loss if close inside the box on Monday.
Great volume
Bullish RSI
Super Bullish Steel Sectors are add ons.
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Standard disclaimer
I’m not a SEBI registered advisor. I’m also a market learner like everybody else. The analysis given below is based on my own market experience in last few years. I also advise before taking a trade please carry out your own analysis and trade based on your own risk appetite. Trading is all about probabilities and I can be wrong at any time.
I prefer swing trading over intraday trading so most of my analysis is about swing trading only (higher timeframes).
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Breakout From SideWays TrendHindalco is ready to make another bull run after giving breakout from its Side Ways trends with good volumes.
5 day EMA cutting 13 day EMA and 21 day EMA on same day.
MACD Indicator is also ready to give call.
