HINDA trade ideas
HINDALCO - Swing TradeHindalco is near to its life time high and is trying to break its Trendline coming from over 1 year. If it breaks TL and sustains above 280 (supported by good volumes) then can reach 300 easily
HINDALCO following TL since 2007Hindalco is following a pattern on monthly time frame since 2007
Currently moving toward its all time high level (284)
Go short if it faces a Resistance at the upper trend line (near 290-280) and can go long if the price breaks the trend line (safe entryabove 295-300) for the target of 307, 320
Volume is good, RSI has some more momentum to enter into overbought zone and MACD is also at good levels
HINDALCO Readying for Breakout Above 285HINDALCO , has recovered from the COVID Lows and It is both at 52WH and ATH
The volumes have grown significant over the last few weeks and is giving good momentum to the counter
A good close above 285 should bring in a significant upward move on this counter.
#HINDALCO
With Metal and commodity counters being bullish #HINDALCO becomes a good selection
Disclaimer : This chart is for Learning Purpose only , please follow your analysis and Position strategy for a enter to this counter
hindalco ema 110 as dynamic supportdaily chart
dynamic support 110 ema
long term more than 180% happened 3 times
so buy at support sell at resistance
and keep 110 ema as dynamic support
Hindalco Looks Good Above 244Buy if sustains above 244 for the targets of 254 and 264 until 237 is intact on the downside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
hindalcostock trading at crucial level
a decisive break below 222
stock might correct towards 200/205
Cup and Handle Pattern in HINDALCOcup and handle pattern formed with Hindalco, look for breakout opportunities.
Good for a swing trade.
*only for educational purpose
