HINDA trade ideas
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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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.
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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.
Hindalco Industries - SWINGConsider for long (only small quantity)when flag trendlines break. Add more when daily candle closes above 360.
P.S. Pattern fails if lower TL of flag breaks or daily candle closes below 290
Hindalco, Swing TradeBreak out of broadening wedge on 1hr time frame. Also taking support from 0.382 levels and stock in uptrend in higher time frame. RR- 2:1.
Hindalco, LongHindalco has given a channel breakout on monthly timeframe. Also forming a broadening wedge pattern on 1hr time frame. Looking very bullish. Note: Fundamentals do not look so strong.
HindalcoHindalco CMP : 327.15
This stock has formed a Morning star pattern . So keeping a stop loss of 313 longs can be initiated. Immediate target is 333. Now if stock is able to close above the parallel channnel, then we can see much higher levels. This is a flag and pole kind of pattern and pole length is approx 110 pts. .
Also why it feels that this time price will break above the parallel channel is bcoz RSI is also given a breakout.
Disclaimer: Views a re personal and for education purpose only. Critical feedback is always welcome. But dont trade or invest based on my views. Do your own due diligence.
Stocks for Tomorrow: Hindalco 15 Min - Parallel ChannelStocks for Tomorrow: Hindalco 15 Min - Parallel Channel
Hindalco Flag And PoleThis analysis is only study purpose.this is not any tip or call. Do trading after your own analysis.
Hindalco is making flag and pole pattern. Wait for breakout. Watch Some Other Factor also like RSI.
Hindalco good short candidate.Hindalco spot cmp320
Good short candidate in range 320-325
view gets violated above 330 levels on closing basis
Down side targets of 303-296-291-285
Time horizon 15-20 trading sessions..
Counter have given breakdown from demand zone of descending triangle formation..
RSI have given breakdown,,,
Good short candidate,,,
