hindalco short tradesell hindalco for three to four days good selling opportunity at top with small sl
HINDALCO.T0 trade ideas
Hindalco - Swing TradeToday Metal Index up 2.16% Up Hindalco Look good on chart above 700
Resistance is broken on good volumes and sustains.
Educational Ideas
To motivate us, Please like the idea If you agree with the analysis.
Breakout from pole and flag patternReady to fly from pole and flag pattern with good volume. We may see potential target of 200 points from hereon
HINDALCO INDUSTRIES LIMITED (EDUCATIONAL PURPOSE ONLY)There is no guarantee in Stock market and Nothing over week.
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OE SELL RECOMMENDATIONS)
HINDALCO INDUSTRIES LIMITED
TARGET RS 720
CMP RS 685.10
ENTRY RANGE RS 678-692
STOP LOSS RS 635
Disclaimer: I am not Sebi Registered.
Hindalco Industries Ltd - Breakout OpportunityDate : 22-Aug-2024
LTP : Rs. 685.55
Next Resistances: (1) Rs. 715 --> (2) Rs. 790
SL : Rs. 608 on daily close basis
Technical View:
• NSE:HINDALCO is in it's primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 712.10 on 10-Jul-2024, it has retraced 15% to 608 level.
• On 21-Aug-2024, NSE:HINDALCO has broke out from it's secondary downtrend with higher than average volume.
• NSE:HINDALCO is trading above 20 DMA and 50 DMA. On 19-Aug-2024 it closed above 20 DMA and on 21-Aug-2024 it closed above 50 DMA.
• RSI is already in buy zone and trading at 61.20.
• MACD has already crossed over it's signal line and about to cross 0 line.
• Looking strong to start a new swing from here.
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Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
Hindalco - weekly breakout retestHindalco is coming back to 2 years breakout and retest on weekly timeframe. Result is on 13 Aug, will it turn bullish post result?
Can create long position with weekly SL of 595.
Hindalco can give 5 - 10 % returns in short term. Hindalco showed significant resistance around 500 rupees. Currently trading at 525. Can go to 575 in short term. Stop loss at 500.
HindalcoStock is at 1-2 price to book also if metal sector could give reversal also part of nifty 50 index so its long term stock
One can start accumulating it after considering financial advisor
HINDALCO BEARISH HARMONICS BUT BREAKOUTHINDALCO BEARISH HARMONICS BUT CAN ATTEMPT BREAKOUT TOO...
CMP 473
shorts in range 488--491 with keeping 504 as closing basis STOP_LOSS
for SHORT TERM TGTs 477 / 466 / 458 / 450
<450 IMPORTANT ZONE FOR BOUNCE OR BREAKDOWN>
IF closes below 450 TGTs 442 / 430 / 410 / STRONG DEMAND AT 380--385 levels..
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IF CLOSES ABOVE 500 FOR 2 DAYS ATLEAST IT WILL BE CONSIDERED AS BREAKOUT FOR:--
537 / 567 / 580 / 590
WITH SL OF 480 closing basis..
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HARMONIC SHORT IN RANGE 595--601
targets and sl will update when short triggers...
Regards...
Keshav..
02/01/2023
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
Marches ahead.long back I had posted here in rading view the leading diogonal in hindalco.
that post passed away almost unnoticed.
Look where it is now.
its chart suggests much higher targets.
near target shown in the chart.
If this post helps you like this post.
follow me to get updates
Good buy HindalcoHindalco is fundamentally a very good stock and has given good returns in the past. Currently, it has formed and given a breakout of a symmetric triangle pattern in a weekly timeframe with good volumen and trading in a daily/weekly channel.
It has cleared its first resistance which was a zone of 450 and is now ready to travel up to the upper body of the channel.
A fresh position can be created at CMP or in the dip in the price zone of 410-430. Keep a strict stop loss of 380. It has the potential to give a return of 20-30% in the coming weeks.
Happy trading :)
Hindalco looks BullishI've taken a Long Swing trade on Hindalco. Price action certainly suggests good Volumes and bullishness. Target 731. Max hold for a week.
Hindalco Industries! Will the Aluminium and Copper Shine??Key indicators are marked in the chart.
This metal company has recently given the breakout followed by a retest.
RSI is above 70.
Previous results and profit are also fine.
Looks good to cross 800+.
For educational purposes only. Not a buy/sell recommendation.
HINDALCO BREAKOUT AND RETEST , EASY 14% GAINHindalco Industries crashed by over 12% on Tuesday as a significantly higher spend on capex with lower expected returns for a facility being set up in the US is seen hurting its earnings. however the profits have been trebled QOQ basis . Techincally the stock was in process of forming cup and handle pattern on larger scale however it tanked and went in other direction . The stock has taken support at the previous resistance of 504 which shows that the bearishness in the stock is not going to prevail and it can rally till 622 , and 924 in long term
HINDALCO | Breaks two year long highest point and moves uptrendHINDALCO | Breaks two year long highest point and moves upward
1) Stock breaches two year long highest point and continues uptrend
2) Still follows a clean market structure of making higher highs.
Hindalco Ind LTdHindalco Ind creates Cup and Handle pattern in Weekly Timeframe. Also its broken the resistance level and retested back. Now its started his journey moving upward.
My short term target is 950.Lets see how much time it will take to reach that level.
Hindalco - Target 760Hindalco is making cup pattern and above neck line with bullish trend and 760 in few weeks looks possible. very good buy for quick profits
HINDALCO INVERSE H&S BREAKOUTHindalco breaking inverse h&s pattern
with good volume and rsi
#target 770
follow ur sl
EDUCATIONAL IDEA
breakout upsidegood for swing trading, stock gained momentum and rally upside.
SL below entry candle or below 10 ema
Hindalco - Metal MeltupWith metals continuing to melt upwards..
Hindalco with its upcoming IPO of Novelis could have some huge rerating triggers..
Long above 662 with a stoploss below 643. The stock would breakout into a new high on the backing of firm metal prices..
The Novelis story is the company is owned by Hindalco and is looking to IPO on the US markets at a valuation of $18B. Hindalco's valuation itself is $18B so the rest of the business comes for free. (I do understand holding company discounts will apply but this is a great debt reduction trigger for Hindalco).
Getting high cash from profits + IPO money mean the co can safely embark on a large expansion plan going ahead. (Which could come in Copper or some other metal space)
Hindalco - Monthly resistance breakoutHindalco is making an all time high which broken the resistance in weekly timeframe and re-tested it. Please check the entire video and do let me know your suggestion/ideas of how price might behave in near future.
Hindalco Long at 636Faced multiple rejections at ATH that too with good volumes but did not follow through
RS became positive and Raising
RSI is strong
Sector is one of the strongest right now
With SL 608.7 one can trade for 1R and then trail using ST
