Hindalco ready for breakout.Hindalco is ready for breakout in daily & weekly chart , making an ascending triangle chart pattern.
HINDA trade ideas
Hindalco Industries Ltd - Ready for next race#Hindalco
CMP ₹. 507.8/-
Technically looking good. If breakout happens, then 25% upward movement can be expected.
HINDALCO: Wao...! Lessthan intrinsic value&near to book value..!Why to choose: Aim for long term only.
1. Cup and handle pattern.
2. 19 months of accumulation period completed,
3. Compound sales growth 14% ,
4. compound profit growth 16% ,
5. below intrinsic value ,
6. Stock is trading at 1.15 times its book value.
Thanks for day trader Telugu and other Masters helped me to learn market.
Note: this is only for educational purpose and I am not a SEBI registered advisor, please consult your financial advisor before investing ever hard earned money.
VCP IN MAKING IN HINDALCOHindalco has been extreme price contraction since last FY till now & daily close above LFY high ready for good upside with good potential RIsk:Reward sl 440 CB target 700
long opportunity in HINDALCOhindalco follows perfect harmonic patterns most of the times
above 510 it can be a good opportunity for higher targets
stoploss should be pervious swing low in weekly timeframe
HINDALCO Bullish; above 510 on Thursday 16 Nov. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
#HINDALCO (Weekly)⚡️650% return from Mar 20 to Mar 22
⚡️Sideways since Mar 22
⚡️Closed above Fibo 0.5 level of its entire downfall
⚡️Ascending Triangle Pattern
⚡️Momentum expected above 500
🔴 SL 470
🟡 CMP 488
🟢 TGT 537/610/732
HINDALCO uptrendHINDALCO expected to be an uptrend. my expectation can also go wrong. because market is the leader.
Hindalco at trendline resistance retest of the trendline from below becomes a very good zone to sell. This is again a series of 1's and 2's a precursor to loads of weakness ahead. RSI in bear zone and composite at resistance further gives me confidence that this rally is done,
Hindalconear important rising trendline support 430-450 level strong demand zone enter on correction on entering demand zone with strong closing support 430 for above levels 475-500 .in next 4-6 weeks . view fails on closing below 430 .
( this is purely for education purpose do not trade on this bases .)
Bearish Marubozu in HINDALCO,1DNSE:HINDALCO formed Negative RSI Divergence and Bearish Marubozu on Higher high with RSI creating Lower High on Daily TF.
Entry : 484.50
Target : 464/448
SL : 510
RR : 0.8/1.4
(2nd target for better Risk Reward Ratio)
Hindalco ready for fresh fallL&T will go down take sell trade with SL of recent high downside Target mentioned on chart
HINDALCO MAY TOUCH 508Hindalco soon touch EMA34 At 431 and then moves above northside
and with slow movment it will touch 508
HANDALCOHANDALCO looking good in weekly time. And wait for first green candle for confirmation.
buy after above weekly candle close
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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HINDALCO FORMING CUP AND HANDLE The stock has been consolidation since 2021 and can provide immense returns in short span of time
is Hindalco towards 570?cmp 492
with sl placed at 460 one can go long in hindalco for 570. keep an eye ready to move up
HINDALCOHINDALCO:- Ascending triangle pattern is formed, if breakout together sustains then we can see upside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Hindalco (29 Sep 2023)Hindalco (29 Sep 2023)
Cup and handle pattern
Buy above 495
SL- 466
Target- trailing
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
HINALCO-> BUY AT SUPPORT Co and its subsidiaries are primarily engaged in the production of Aluminium and Copper. It is also
engaged in the manufacturing of aluminium sheet, extrusion and light gauge products for use in packaging markets like beverage and food, can and foil products, etc.
BOOK VALUE IS-> 422
HindalcoHindalco Is in the trending channel and forming bearish flag pattern...
Overall it's seems negative in a weekly time frame so we should avoid to invest....
What's your outlook?
