HINDALCOBULLISH
HINDALCO--@Resistance Zone??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.
Now at resistance, multiple times it is rejected from this resistance, this time if this breaks it will reach the resistance zone at 580 levels.
Trade safe...
HINDALCO--Channel Breakout or Breakdown ?? this stock is trading in a range...
from several days....wait for the breakout or breakdown...keep add in your watchlist...
if again continue its movement towards upside from the channel or break....
if it moves upside we have resistance @445-450 zone...support is located @400 zone...
HINDALCO--Bullish Gap or Bearish Gap ??observations::
previous demand zone resisting the price to go up...
If price breaks the demand zone price completes...bearish gap.
before going to fill the bearish gap, we have a bullish gap left @410 range...
if this acts as support...we will observe bearish gap be filled soon.
keep track this zones...
HINDALCO LOW RISK HIGH REWARD IDEAAs per my analysis, it is the best time to take buy entry at 404-405 on NSE:HINDALCO with stop loss of 395 (-10 Points Risk). My expected upside target would be 414 & 433 (If any daily candle closed above level of 415.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
{HINDALCO}:(FINAL RISE FOR 4.5%)
Price has completed the 5 Wave Impulse in 12 Months Chart this is the last wave of uptrend in Correction as the Trend is in Downward direction, the target of this Long Trade is the Entry price for a Short Trade, so timely exit is as critical as the Entry is...
ENJOY THE RIDE ! ! !
UNDERSTANDING {HINDALCO} WITH (WAVES)!!!
Price has formed a 5 Wave Impulse in Monthly chart, which completes the Wave 1 in the Higher Loop
Currently Price is in Correction forming the Wave 2 in the Higher Loop, which ends in a Demand formed in the 12 months chart @ 284.00 also this is the Price from where the Wave 3 starts,
Focusing on the current Price we are in a simple correction in Monthly chart,
Price has a fresh Monthly Supply which will complete the last WAVE C of the Wave 2 also we have a small Buy Trade before the Wave C (Declining Impulse begins!!!)
I jus Hope this is Understandable!!!
ENJOY THE LAST UPRIDE!!!
Short Term Bullish Trade in HindalcoNSE:HINDALCO seems to be bullish above the level of 470. The level is the neckline of the inverted head and multiple shoulders which is a bullish pattern and as the script is already bullish in long term, it's a continuation chart pattern here. As you can see, after the breakout of the neckline price has retested the level and rising after taking the support. So every dip will be the buying opportunity above 470 for the target of 550/570 (MUBB). Hilega Milega is favorable too.
Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.
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.
HINDALCO - At the verge of breakout soonIt is hovering at the pre pandemic resistance levels. Resistance at 202 has been tested once and rejected at the breakout level. In my opinion it may test the resistance one more time before the breakout happens. If this follows the lower trend line in my opinion the breakout is certain around the last week of september 2020. If during now and sep last week its touches 202 two more time the breatout would be immediate on the following.day.
Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK.I m not your financial advisors. Risk it for the biscuit.
HINDALCO White Marubozu - Very Strong on all IndicatorHindalco Industries closed with White Marubozu today. Stock is moving under the rectangle box between 100EMA (Support) and 200EMA resistance. Today volume spike crossed the 20MA of volume and opened over the support trend line.
Stock is outperforming Benchmark and Sectrol both index in 1 month and 3 month time period.
Showing BULLISH in all indicator:
CCI is Trending UP
William %R is Trending UP
ROC is Trending UP
DI+ crossed 25 from below
Stock outperforming from Benchmark and Sectoral Index
High Increase in Future OI
Aggressive New Long
White Marubozu
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Support : 144 and 140
Breakdown : 146
CMP : 154.35
Breakout : 160
Short Target : 170 and 175
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(Disclaimer: This is only for educational purpose.)
Hindalco - LooooonggggggRefer chart : classic Text Book pattern.
No Naked trades , Use strategy :
1) Buy 230 Dec calls , sell 250 Dec calls --- My preference.
2) Buy Dec future , Sell 230 Dec call
3) Sell Dec 240 or 250 Put , Buy 220 Put
4) Buy 2 lot 230 call , Buy 1 lot 230 put
check what strategy suits you ,And execute your trade .
Beware lot size is 3500 , so risk is high , manage your risk ,
If not enough capital don't take F&O trade.
(Consult your financial adviser before taking any trade )