# HINDALCO INDS #
# LONG TERM VIEW BULLISH
# BUY ABOVE : 505
# TG : 600 - 620
# CBSL : 460
# R : R - 1 : 2
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
HINDALCO:- 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 :)
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HINDALCO 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...
NSE: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)
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
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.
Hindalco 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?
Hindalco Industries Limited (NSE: Hindalco): close above the 434 + level, it will rally upside and close below the long trend line, it will become weak.
A cup & handle Breakout in conjunction with Triangle Pattern Breakout
Retest is pending for the triangle pattern breakout.
Hindalco is moving based on the support line support for long.
Waiting for a retest to enter with SL below
closing of the support TL
One can enter now as well with 50 % qty just not to miss the trend for targets of 510/550/630.
DISC: Only...
HINDALCO :- Keep an eye on the stock and wait for breakout
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...
HANDALCO 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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