Breakout Stock 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.
HINDALCO trade ideas
Cup and Handle on weekly, Buy and Hold for long term !Hindalco is completing Cup and Handle on weekly charts. Very good stock to hold for next few years.
HINDALCO bullish; above 620 ? - Monday 15th Apr.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 Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Short on Hindalco Took rejection from a trendline, target and Sl marked.
This only for educational purposes, trade at your own risk.
Just A View - Gap Fill - HINDALCO📊 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 idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Hindalco has come near upper end of channel PatternHindalco 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
HindalcoHindalco buying opportunity 550-520 positional trade with SL 500 expected TGT 580-600 CMP 560.25
VIEW ON HINDALCOGood chart structure
Buy above 550
Target 568/590/610
Stop loss 525
I am just representing my views.
For educational purpose only.
HINDALCOstock 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 and keep patience
technical analysis + money management+ physicalogy = successful trader
pls like and share
HINDALCOHINDALCO
At Resistance of a Range
Keep an eye
Positive if sustains above 543
But till then cautious till below resistance zone
Hindalco Long PositionalDate : 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.
VIEW ON HINDALCOStock 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.
VIEW ON HINDALCOStock 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.
HINDALCO - Weekly AnalysisIn 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.
HINDALCO 1:5.5+ RR trade set up1. Trend bullish
2. Set up: Breakout & Retest
3. RR 1:5.5+ reversal trade set up
4. Double bottom at retest
Buy Put on every up move as per your risk capacityThis 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
The correction is doneElliott- thats a zig zag corrective pattern on the 4hr chart. C leg is complete. Hence new five wave should begin from here.
Fib- the extension is indicating the 495 and 475 as strong support. The counter reversed from 495. Fib confluence is at 500 and then 466. Hence any dip to 466 will be a welcome opportunity.
Conclusion- zig zag is a bullish corrective pattern and fibs and RSI are indicating support. Hence to me this is a welcome correction.
High Risk Trade Usually I don't trade in a "Falling Knife" scenario and definitely don't recommend others as well. But the volume on the fall and that days low (496.35) not being broken is indicative of the stock being bought by strong hands. Yet you never know...
So trade this one with extra caution with low quantity and a stop loss of 496 (red dotted line) on closing basis. Although 540 is going to be a hurdle to cross, we can try for a target of 580 (blueline).
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Never trust a trading guru who claims to have all the answers.
Hindalco bearish batbearish bat pattern at weekly chart
it is huge fall in this week
S1 (457) is next support
It is just a view, please trade at your own risk. I'm not SEBI registered adviser
HINDALCO✅ Wait for Price to touch this trendline 495-505 level
✅ Look for Strong Reversal on Smaller Time Frame as Double Bottom or any other strong
reversal.
✅ Look for Strong Signal.
Hindalco- LongHindalco it has taken reversal from the bottom and we can see it has formed an inverted H&S Pattern in 30 min time frame. Where we can expect the target for 600 first and then 620 in the month of Feb
HINDALCOHindalco appears to be making an effort to resume a positive trajectory, and if it continues to rise above the 568–570 mark, I think there is a high chance that it will be rewarded.
I believe they might be trying to reach the highest peak, which is roughly 9–10%.
This is solely being done for educational purposes.
Please speak with your advisor before making any investments.
HINDALCO - WEEKLY TF ANALYSIS - 27th November #stocksHINDALCO (1W TF)
Trade Analysis given on 27th November, 2023 (Monday)
Pattern: ASCENDING TRIANGLE
- Neckline Resistance Breakout - Done ✓
- Retracement + Consolidation - In Progress
- Volume Spike - In Progress
#stocks #swingtrade #priceaction #traderyte #hindalco
