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...
This metal stock near breakout zone.Hindalco is one of India's biggest aluminium manufacturing company and the world's largest flat-rolled products player and recycler of aluminium.
Date : 26-Mar-2024
Rating : Buy - Positional Trade
LTP : Rs. 558.65
Targets: (1) Rs. 620 --> (2) Rs. 636 --> (3) 675
SL : Rs. 515
Technical View:
• NSE:HINDALCO is in its primary uptrend since end of Jun 2023 and was recently going through it's secondary downtrend.
• After touching the high of 608.95 on 8-Feb-2024, it has retraced 18% to 499 level.
• ...
📊 Script: HINDALCO
📊 Nifty50 Stock: YES
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminums Products
Key highlights: 💡⚡
📈 There was a huge gap down on 13th Feb so, Script may fill the gap.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 558
🟢 Target 🎯🏆 - 593
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new...
Hindalco was oscillating in the Range of 500 to 540 from past many sessions
Recent the price gave Breakout above Range and came near upper end of channel pattern
Let's Track the price movement from here,
If it give Breakout above the pattern or comes back into the Range
* For Education Purpose
Practice and Learn Price Action Setups
stock looking good above 541 stock consolidated in a range create resistance at 540/541 on monday if stock open below 540 once take resistance on 540/541 and make higher low then break high 541 it will go up
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive...
Date : 09-03-2024
NSE:HINDALCO
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Buy Hindalco above 538
Target of 571-613-654
SL 461
Strategy : SBO + Lower Channel
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock can be kept on radar
After crossing 530 levels it can held up to 538 and 560 levels also
Support placed near today's low 515
I am just representing my views.
For educational purpose only.
Stock can be kept on radar
After crossing 530 levels it can held up to 538 and 560 levels also
Support placed near today's low 515
I am just representing my views.
For educational purpose only.
In the Weekly Chart of HINDALCO ,
we can see that, it has retested and created a Hammer candle on trendline.
Enter on breaking its High with Low as SL.
This is the classic example of trend breakdown
if close 200 ma than more down side can possible..
do not buy put in deep buy put in up move.. keep stoploss as per given above the level..
next if any stoploss revise than update you
