HINDALCO breakout!hindalco was forming a triangle pattern and now the breakout has happened. aggresive buyers can now or you can wait for a retracement. target is around 477 and stop is 337. only for swing trading
HINDALCO.T0 trade ideas
HINDALCOFresh breakout above todays high, levels provided with fibonacci extension. Long future position built. Breakout of channel. Gann levels in yellow.
Power of occtans indicatordear member
on Friday we got the "BUY10" entry in hindalco and we publish the buy entry on hindalco based on occtans indicator.
today hindalco bullish momentum and 6 percent up.
Hindalco AccumulateSymmetrical triangle breakout with good Volume.
Consider triangle as a support line
DMI shows uptrend
Hindalco blastingStock has given flag breakout & gathered good buying with cup & handle formation, suggesting gathering momentum. Add in dip with SL of 385 & target of 470 in 1 month.
HINDALCO - New JourneyA new journey for HIndalco Ind. has been started. Anyone can above and hold this share for positional bet.
HINDALCO overstretchedGreat Monthly chart but seems over stretched, waiting for a pull back and to ride to higher prices.
MACD , RSI ,BB BREAKOUTNSE:HINDALCO It gives good idea to buy. tomorrow MACD crosses SIGNAL line and RSI is above 60. As well as it breaks the bollinger band with big green candle .
HINDALCO INDUS- BREAKOUT. Strong buying seen in the last trading session with good volumes. Near the daily trend line and has given a breakout of a strong resistance zone in 15 min time frame. RSI ABOVE 80. looks very bullish.
Hindalco Daily Chart Following the trendlines very nicely and should show some more up moves as per the trendlines.
Comment your view.
No Trade Suggestions
Only basic trendline view
Thank you
Hindalco to go higherHindalco has recently given a channel breakout. Considering its uptrend and the global demand of manufacturing materials it is about to go higher according to my view.
Some reasons and signals are as below:
1. Overall uptrend
2. MACD giving upward direction
3. Stochastic also confirming up trend
4. RSI is above 60 and stock has gained momentum despite of negativity due to corona scene
5. DMI too is rising with current value at 26.7
6. High volume decisive candles giving all time high breakouts
7. Monthly candles are challenging upper bollinger band indicating strong momentum
8. After chinese new year some recovery on part of china and many countries regarding corona situation, plus manufacturing process getting back on track is giving rise to metal demands
Target - 416
Hindalco Successful BREAKOUT with Volumes!Everything is mentioned in the chart. One can wait for the Retest and enter the Trade after Confirmation.
