Hindalco is breaking 200 Day Moving averageHere Hindalco is breaking 200Day MA. It is also breaking and closing above FIB .382. In nearly future It can easily touch its Fib .618
Setting up 2 target
TG1 472
TG2 511
HINDALCO trade ideas
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momenyum. Thanks to all 🙏🙏🙏
Hindalco Industries Ltd.Hindalco Industries Ltd.
Incorporated in 1958, Hindalco Industries Ltd. is a flagship company of the Aditya Birla Group. The 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.
Business Segments
Aluminium: The Co. ranks among the top global five aluminium producers based on shipments and is an integrated producer with a low-cost base and a strong presence across the value chain.
Copper: The Co’s copper division operates one of the world's largest single-location customs copper smelters. Hindalco produces copper cathodes and continuous-cast copper rods in various sizes.
Chemicals: The Co. is also engaged in the manufacturing of Calcined alumina (used in grinding media, wear-resistant ceramic components, etc.) and Alumina hydrates (used in the manufacture of water treatment chemicals like aluminium sulfate, zeolite, etc.)
Market Leadership
The Co. is the world’s largest aluminium rolling and recycling company. It is also one of Asia’s largest producers of primary aluminium. Moreover, it is the largest flat-rolled aluminium producer in the world and the largest downstream aluminium player in India.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock is at 30% (Approx.) from its high.
2. Increase in FUT OI.
3. Option Chain is very interesting,
Strong PUT writing in 400 strike
CALL Writers of 410 & 420 Strikes are trapped.
4. Aluminium price is up by 5% and the Copper price is up by 2.3% on MCX.
FUNDAMENTAL ANALYSIS.
Sector: Non-Ferrous Metals.
Industry: Aluminium and Aluminium Products.
1. Market Cap - ₹ 96,596 Cr.
2. Stock P/E - 6.97.
3. Price to book value - 1.06.
4. Debt to equity - 0.74.
5. Free Cash Flow - ₹ 11,483 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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High Probablity for HINDALCO to Up!!!There are many for HINDALCO to go up like in
Candlestick-Morning Star made at Important level
Chartpattern-Cup and handle breakout and retest
Price Action-breakout of an important level and retest with more than average volume
If you want to take trade then you should do entry at 431.9 put stoploss at 410.4 and target at 475
If you take trade I wish you that you earn profit
HINDALCOHi guys, In this chart i Drew My Best Levels in HINDALCO for Long, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
HINDALCOHINDALCO failed to complete the BOWL pattern now it is trying to make a CUP with Handle pattern
Buying levels above 415 with the SL of 4 to 5 rs and we can look for 1:1 to 1:2 target or more depending upon the volume.
selling is preferred below the 400 level and risky traders can have sold below 408 with the target of 404 up to 400 can continue further below 400 level
Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
Hindalco Cmp 412.40 dated 27-10-2022 TRIANGLE BOHindalco Cmp 412.40 dated 27-10-2022
1. Ascending Triangle BO above 415
2. RSI BO
Buy above 415 for tgt 425-440-448-465 SL 400
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
HindalcoPath of possible price movement for this script is given in the chart. Protecting capital is the first and foremost target of any trader.
HINDALCOWhen the stock is making lower highs & lower lows, it is considered to be in trading in a downtrend. Lower highs mean that previous peak is higher than the current peak. Lower lows mean the current bottom is lower than the previous Peak
Swing trading Hindalco is technically verge of breakout. Keep eye on it.metal index is lso following And supporting this.
Buying between 415-418.
Target 445+
Sl-395.
Only for swing.
Note- this is only for educational purposes. It is not a buying recommendation. Trading in securities is a Risky, do your own analysis. This channel is not responsible for your profit/loss.
FORMING ROUNDING BOTTOM FORMING ROUNDING BOTTOM
If cross and close 401.50, May consider as breakout.
TARGET UPTO 439 WHICH IS ALMOST 9%.
Channel Breakdown : HindalcoHindalco candle has managed to close below the channel breakout line and hence we can see the further downside. The price target for the same will be distance between 2 channels with keeping stop loss of the previous candle high. Moving averages showing downside crossover.
* It is my analysis and not a recommendation to buy or sell.
Short HindalcoHindalco taking resistance at previous swing high
Bearish Candle breaking 100 SMA
Go Short at CMP 436
Target 350
SL 465 (Closing Basis)
HINDALCO INDS 1W TIME Frame Hindalco inds 1 month Trade Line break ?
Down Treand
1.fast Target 360
2. Second Target 330
3. Follow self rules
HINDALCO INTRADAY ANALYSISHindalco has been in consolidation for around 29 days. Rs 407.95 has acted as a viable support and the price has given a breakdown. due to global uncertainty in the metal space a follow up bearish move can be seen on Monday.
Hindalco Cmp 412 dated 19-9-2022Hindalco Cmp 412 dated 19-9-2022
1. Triangle Pattern formation
Breakdown below 405
Sell below 405 for target 395-385-378-365 SL 425
Buy trade considering taking support @ trendline.
Buy @ Cmp for 425-440-445-450 SL 400
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
HINDALCO --- INTRADAY SETUP -- 19/09/2022** HINDALCO -- INTRADAY SETUP -- 15 MIN CHART -- 19/09/2022
1. Trendline breakout seen at 15 min chart last 15 min candle
2. trix histrogram seen crossover at current level
3. bullish signal from ssl channel indicator
4. pullback candle seen from oversold at 15 min chart
5. intraday support seen at 405 and resitance 430-435 level
6 BUY around 408-412 intraday target 420-425-430 stop loss at 400
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
** trade at own risk !!
HAPPY TRADING.!!
HINDALCO FOR 19 SEPTEMBER 2022As in the chart, we can see that HINDALCO successfully achieved its previous breakout zone but started consolidating at the level of 412 - 450. It created a box pattern. based on these levels we are expecting a gap-down opening which can lead it to up to the level of 400.
expected price opening to be around 412 to 410
THE FIRST TARGET ON SELL SIDE is FRIDAY'S low which is 405.
For the BUY Side, it must have taken the support of 412 which makes it hold that level and continue to be in the consolidation zone.
further buying is possible only when it breaks the level of 450.
NOTE- If open flat and try to trade in less quantity as it can respect the support level.
selling side can be possible only trying to go below 412 or 410.
level 405 (previous low) is a 50 DMA line on that level so it can go for a u-turn from that point if that break we can hold for the lower point.
HindalcoAlways follow Risk and Position Management❇️❇️
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading😊
Hindaco getting ready for 460 and long term 500 target
Hindalco Range breakout
Above 447 it can do 460 short term
Long term no resistance till 500
Swing Trade On HindalcoHindalco gives a breakout on rounded bottom chart pattern and now its on consolidating area.
You can look for an entry if the prices gives breakout on consolidation area.
