HINDALCO
Hindalco for LongtermWatchout for Hindalco. Formed a rising wedge patternon monthly timeframe. Any good retest to the marked zone will be a very good safe long term bet for next 10 years.
Looks like a Trend Consolidation and can expect a Downward Fall Looks like a Trend Consolidation and can expect a Downward Fall . If todays chart and patterns shows a clear signal go for Futures Put Buy (PE) at 400 Strike Price. Remember to have a hedge position.
Hindalco 3/6/21The levels are on the chart , if 400 level is not held strongly it can go way down.
Trade Wisely And Smartly.
Hindalco looks good on all the timeframesHindalco was on the top gainer's list yesterday, registering a gain of approx 3%.
The price action on all the time frames looks positive and it's likely and it could continue the move further on the upside in the coming trading sessions as well.
To continue the upside, the stock should sustain above 380 levels and the immediate resistance it has is around 400-410 levels.
POSITIONAL INVESTMENT VIEW IN #HINDALCOPOSITIONAL INVESTMENT VIEW IN #HINDALCO
HINDALCO LOOKING VERY STRONG CMP 385 KEEP ADDING TILL 360
STOP LOSS - 340 CLBS
TARGET - 420 435 450 465 +++
Hindalco loosing momentum 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
HINDALCO LONG INTRADAY 6 APR,2021Dear trader,
If u look at the chart of HINDALCO (analysis based intraday only) the HINDALCO support at 351 and Target at 358 and Stop loss at 346.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
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HINDALCO - Short setup Stock is currently trading in third stage of market cycle .
1-Accumulation 2-Rally 3-Distribution 4-Rejection
currently at the peak , at the overbought zone. Has formed a broadening pattern on the top which is rejected by a overhead trendline.
RSI DIVERGENCE
Looking to short once the Chart pattern is broken and retested .
DAY TRADINGMight be a possible day trade
*Strong Resistance Line: It is already pushing the stock down
*Selling Zone: The resistance Line is pushing it to the selling zone
*Buying Zone: The buying zone is bellow the selling zone and probably might come in action
Hindalco - Probability of Crab PatternHindalco daily chart has got a probability of Crab Pattern.
Sustaining above 250 levels, chances are high, that It will movards 272 and above..
Hindalco: U-Turn?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
Hindalco - Triple test of 221 and break outHindalco has been testing 221 for the past few quarters and has broken out of it today finally. A rally from 80-220 that is 160 points. I would consider a 160 points rally from here as well in the next few quarters. For short term looking at 260-280 range.
HINDALCO Bull caseHi Friends,
METAL SECTOR IS BRAKING TO THE UPSIDE.
Hindalco is braking the short term down trend line, so by keeping the stop loss @ 167 one can enter the script.
Your humble trader,
Kiran
HINDALCO close to resistanceHi Friends,
I love Trend following stocks. Weather it might be UPTREND or DOWN TREND.
BECAUSE i believe in saying '' TREND IS YOUR FRIEND ''
One of few stocks which follow the trend clearly is HINDALCO.
It started Down trend and our aim to get profit from it.
So sell at the resistance with tight stop loss.
Your humble trader
Kiran
#HINDALCO DOUBLE TOP #PATTERN Double Tip Formation at 181-182 zone
Neckline at 172-171 spot zone
Below 171 Target 166-160
