HINDALCO INDS NSE:​HINDALCO

On daily chart stock is trading above the resistances of bearish trend line, indicating trend reversal. RSI moving towards north direction indicating bullish momentum. Expect stock to move towards 212-216 levels.

For immediate trend, if 239 could be broken with higher volume then it could move up to 284 levels, thus completing b wave of correction. If it could break 284 levels(previous high) then the correction will be irregular. If previous high could not be broken down, then 284 level will serve as resistance and it will be a flat correction.

...Levels mentioned in chart

If 239 level breaks, it could move up to 284 levels(previous high), thus forming b wave of abc correction. And if 284 level works as resistance then it would be a flat correction and if it could break 284 level with higher volumes, it will be irregular correction.

At support

NSE:HINDALCO is approaching a longterm trendline resistance with fibonacci 0.618 at the same zone. Sustaining above this line will take the stock to 212. U-turn from here will take the stock to 190.

target 1 : 206 target 2 : 211 Stop loss : 197

Bullish Cypher - Hindalco - Daily PRZ: 188-198.5 SL: 185 TGT: 192.5, 195.5 Harmonics In Action - 17-03-2019

Inside Bar Failure ... Buy 203.00 buy after break of this candle with target 3/-

CMP: 202.3 SL: 199.5 Target: 222 Make money with me :)

Refer Charts

Hindalco looks like reached its resistance level of 204-205, expecting some downside from the current spot.

HINDALCO FOLLOW ME TELEGRAM t.me/stockmarkettipsedu

HINDALCO BREAKING OUT FROM TRENDLINE ON DAILY CHART AND 4H CHART WITH GOOD VOLUMES. IMMEDIATE RESISTANCE AT 214-215

One may buy Hindalco on a dip with SL of 188 and target of 200/203.3

refer chart for details

making upward move