Stock finding resistance at prior high volume bearish candle, likely to fall further and test the Gap area (166-165). 38.2% FR at 167. Trade would be negated on a close above 175 (1hr time frame).
Latest Price@162.20- 6th Jan2017 2016 was an exciting year for me related to this stock-Hindalco & we had good opportunities in the past. Blessed with double bottom right in the block hole 147 was something my colleague -Nirav5--highlighted to me ( Thanks Nirav5 ) as tracking so many stocks by an individual is impossible but I try my best. I will like to say...
Dear Friends in.tradingview.com Hello! As we know hindalco is one of the very liquid stock in indian stock market as it's moves 3-4% average on daily basis, and also its mine one of the favoirite stock, anyway! here is long call as Buy@161.80 SL@159.60 Target@164.10..ok Best Of Luck and Happy Trading!
Buy now and add on dips till 153. Target 172 Ideal SL - 145, BUT MANAGE IT AS PER YOUR RISK.
NSE:HINDALCO Sell Range - Rs159 to Rs162 Stop Loss - Rs165.50 Target - Rs150 & Rs144 Hindalco 25th Jan PE 150 Buy Range - Rs2.20 to Rs2.50
Symmetric Triangle on Hindalco and it may break either side. Indicators are also in neutral. NOTE - It may take 1 or 2 days to hit the target on either side.
as we can piercing pattern at the support area and stochastic in oversold condition i would recommend to surpass the 8 ema line and give a buy call
Recent head and shoulder formation on Hindalco. Following this the stock has seen a sharp reversal and is currently at a critical support point of 150. The weekly charts indicate overbought levels on the stock. The 20-50 EMA crossover is at a tipping point. If there is a sharp bounce from the current levels then 162.5 is the next resistance. Yesterday 12/26...
HINDALCO has broken the channel and ia trading well below it. 200 dma is placed at 130 levels, and we can easily expect the stock to test it
* Bullish Channel * Bullish Harmonic >> View negates on a close below 158
Hindalco is unable to cross this area in weekly chart and showing divergence in MACD and RSI. The same thing is observed in daily also. I think it is a short. Pls let me know your views.
We have key support 167.50 - any dip holding above 167.50 can be taken as buying opportunity for short term target 178-180's & moving beyond 180- travels close to previous high 184-185. Related Analysis Attached Below
The Bullish Harmonic pattern completes at ~170-171 levels where one can look for long opportunity. *The view negates on a break below 166.