Hindalco Industries, one of India's leading producers of aluminum and copper, has been on the radar of many traders and investors lately. Analyzing its daily charts reveals intriguing patterns, hinting at a potential bullish move ahead.
Technical Analysis:
Taking a closer look at the daily charts, it appears that Hindalco has undergone a corrective phase, with...
Dear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:HINDALCO I have been monitoring.
It appears that the stock is approaching a potential Support level Near 495-500 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a...
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.
Hindalco possible down move expected till 540 level, then can expect a reversal from there
NOTE: I am not a professional investor; I have only two years of experience in stocks and investing. Please refrain from making any trades based on my chart analysis, as this is solely for community learning purposes.
Hindalco Stock looks good for a 20%+ Upside target, this stock currently moving in a ascending tringle, if it breaks we see a bullish momentum continue to its ATH.
Hindalco ha been following a great trend line and it's likely to go even higher. A small stop loss below trend line and a favorable 10-12% Return in a month or so is very much possible.
I do not give but still recommendations and i am always learning 😬😎
Buy- 585.45
SL - 582.25
Target- 591.85
Its a very big move.
Always check the sentiments of the market as per technical analysis,
Best of luck to all traders.
You are responsible for your Profits and loss, Shared for Educational purpose
HINDALCO is moving in a SYMMETRICAL TRIANGLE
A good opportunity in HINDALCO either we for long / short by seeing the break out accordingly...
For the time being wait and watch.
Follow the levels, I have given above chart
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered...
Pleasure to have you here. This is an analysis done for the Tickr, and potential in the Technicals.
In this Chart ,which has been slightly in uptrend.
if you like the idea please like the post :) It will be a motivation to further such ideas.
Disclaimer Note:-
1) This is just an analysis setup and no advice to trade/trade
2) If you are making position, please...
Hindalco is given gud triangular pattern break out with gud volume supported by key moving average. Also confirming my favorite double bottom pattern.
And also satisfying all the condition of break out.
1. big break out candle.
2. Gud volume
3. No seller wick( opposite party respose)
NSE:HINDALCO
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and...
Hey Folks..! Hope you all had a great year and i wish you have a wonderful year ahead...
I have marked all the profit booking levels for the year, anyone who is holding any positions should be cautions at these levels...
In case you have a bullish view that treat these levels as a further breakout levels...
This analysis is my personal opinion and do not...
Pleasure to have you here. This is an analysis done for the Tickr, and potential in the Technicals.
In this Chart ,it is very clear example of cup and handle pattern.
if you like the idea please like the post :) It will be a motivation to further such ideas.
Disclaimer Note:-
1) This is just an analysis setup and no advice to trade/trade
2) If you are making...
HINDALCO DAILY CHART
Breakout @ 450 Target @ 827 Resistance @ 550
HINDALCO has witnessed a trendline breakout @ 450 levels, medium target projected @ 827 levels.
Its only an observation & not any suggestion.
this stock is trendling Upwards..
now the price is at Resistance Zone...
if it failed to break the resistance it will continue its fall,
on bottomside trendline is acting as a support.
keep in long side as long as price is above the trendline..
On top side after a strong fall price is going to test the resistance, so keep looking for short from this zone.
...
