This stock price is now near its demand zone.
A strong fall is noticed from the resistance zone @620.
on bottom side we have also trendline pushing the price upwards and acting as support.
Find long oppurtunities in this stock from trendline or demand area.
Price is now enters into the daily resistance zone,wait for the price to be bearish
after a strong bullsihness price is facing resistance.
the area of value at 470 price may push it upside again...so keep looking for short side...
28-11
Daily chart of Hindalco1!
LTP: 433.10
The candles have respected the resisting trendline (manual)
The candles have respected the resistance at 442.30 (manual)
If the weakness carries, the candles might break the support at 426.10 (200 EMA) and head towards the support at 358 (manual)
I bought 430 pe
Possible retest for HINDAlCO INDS. Demand could change into supply.
Sinds the end of March Hindalco has been facing a strong downtrend. Which could be resulting from the high Dividend payout Q1 2022 as investors have taken profit both from the bullish run and it's dividend higher payout.
Approaching the shorter time frames for a more intra-day trade, there...
# MISSED trade#
NSE:HINDALCO
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What happened ?
As u can see in chart, that share price is completely 10% broken down from 550 range;
I was eagerly waiting for shorting this trade(From 12 April);
but due to some work pressure ,I wasn't able to gaze the charts;
And hence I lost a precious trade;
Don't take any trade now since it already moved to the downside...
Breaking the support level and channel pattren shows week price movement. Wait for pull back and short after it again touch same level for the free fall.This my anlysis only for educational purpose please do your own research before any action.
after a bullish trend hindalco is loosing momentum and a major correction is expected .
From intraday perspective hindalco can have a selling pressure today. This is just my point of view
Price formed a double top pattern at major resistance level (on monthly charts). At retest of the support, price has formed a Gravestone Doji followed by Bearish Engulfing (on daily charts) both of which are negative signals. Since past 2 years corrections have been triggered from the month of January, again this cycle may be repeated
Intraday Cash Sell HINDALCO @163.5-164.70 SL 167.4 TGT 157.4
Support is 162.9 once break can see more downside.
Tk cross over so sell from any rise.
RSI -> Neutral
MACD-> bearish
Moving average -> Bearish
Hindalco is a classical trading stock. It follows very clear trend, weather it is uptrend or down trend.
Here Hindalco clearly shows the trend reversal.
Shorting at 185 level is good entry point.
Stop loss will be 190 level.
Look at your own risk.
Your humble trader
Kiran
Inside Bar Formation ( 4 Candle Close Under One Candle ( Doji form on 16 june )
Price Is In Supply Zone ( Tested Once )
Price Is On Resistance Zone
ADX Above 25
+DI IS Above -DI
Go Short Below 146.75
SL :- 154.6 OR FOR Aggressive ( Previous To The candle which Broke 146.75 High )
Target On Support Of Trendline
It can BREAK Trendline also So Trail Your Sl...
