HINDALCO trade ideas
HINDALCO--Enters in Daily Resistance Zone??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...
A+ SETUP WITH 7.5% UPSIDE POTENTIALBreakout of cup and handle pattern has been done on HINDALCO and what I'm looking for is the retest to take it to the upside.
Target - 500
Price Breaks Resistance Line and OBVMACD Bullish: HINDALCOFirst things first: what exactly is a resistance line? Simply put, it's a horizontal line on a stock's price chart that represents the highest price at which the stock has been sold during a given time period. This line serves as a psychological barrier for many investors, who often view it as a threshold that cannot be crossed without incurring significant losses.
But what happens when a stock finally manages to break through this resistance line? Suddenly, the floodgates open and investors begin pouring money into the stock, driving up its price and potentially leading to huge gains. This is precisely why price breaking resistance lines is such a big deal - it can represent a major turning point in a stock's performance and can give you the opportunity to capitalize on its growth.
HINDALCO : Closed position and expecting a reversal moveI took my first position on Feb 17th, 2023. I then added to it on April 3rd and May 25th. The total holdings in the stock summed up to around 2.5% of the capital, and I held the stock for over 6 months.
Technically, I am expecting a reversal move and have therefore decided to book the profit. I don't have much insight into the potential of the aluminum sector going forward as of now. Hence, I don't think it's a wise idea to hold onto the stock at this technical level, given my limited awareness of the fundamentals. The total amount invested in the stock was also high according to my trade plan.
I have booked a profit of 11.20%, which is a satisfactory return for holding the stock for 6 months.
I will delve deeper into the fundamentals of the sector as well as the stock and will consider re-entry at cheaper valuations if the opportunity presents itself.
HINDALCO HOURLY VIEWlooks shorter term bearish cheek selling pattern on every raise , on hourly time frame
HINDALCO SHORTERM BEARISHITS Look short term bearish , only trend reverse one close above trend line .
HINDALCO This is for educational purposes only
The chart patterns or trends that I see in the charts I have tried to mention
hindalco chart analysishindalco just now have broked the dow compression set up and it will soontouch 495 rate in coming days
HINDALCOHINDALCO is looking really great above the 472 price mark for a swing trade which can give really great returns. please make a long entry as it will not require a big stoploss as the SL is placed at 450 only.
Our targets will be T1 = 503 / T2= 528/ T3= 556.
remember to trail in profits keep it simple.
Hindalco Simple Trend Analysis BullishThis is just a Simple Trend Analysis of $NSE:HINDALCO.
On this chart, the price has already created a HH and HL, which is a signal of an uptrend.
Apart from that, a Descending Channel breakout is also visible in this chart, whose bias is bullish, hence expecting the price to go up and make another HH.
Also, in the past, the Price has reacted from a Zone; hence expecting it to go up soon by breaking out from the current consolidation.
The Short Term Target could be 465 - 470.
Hindalco Industries LtdTarget and Stoploss Mentioned in chart
Market Cap
₹ 1,04,025 Cr.
Current Price
₹ 463
Stock P/E
10.3
Book Value
₹ 422
Dividend Yield
0.66 %
ROCE
11.1 %
ROE
11.6 %
Face Value
₹ 1.00
Promoter holding
34.6 %
EPS last year
₹ 44.9
EPS latest quarter
₹ 10.7
Debt
₹ 65,926 Cr.
Pledged percentage
0.00 %
Net CF
₹ 742 Cr.
Price to Cash Flow
5.41
Free Cash Flow
₹ 9,466 Cr.
Debt to equity
0.70
OPM last year
10.2 %
OPM 5Year
12.0 %
Reserves
₹ 94,584 Cr.
Price to book value
1.10
Int Coverage
4.62
PEG Ratio
0.65
Price to Sales
0.47
HindalcoHindalco is continuously making HH & HL and recently broke out long awaiting trendline. It can easily go to 500 levels. The content provided is for educational and informational purposes only.
HINDALCOAs expected taking support at trendline and hence long can be considered here. I believe in concentration rather than diversification so I shall be taking risk in single sector also if setups are favoring my position.
selling pressure till 437till 437 selling pressure
456 above closing only safe
my best entry point below green area
HINDALCO INDUSTRIES LTD.,Hindalco Chart is quite strong with Bullish View at CMP 449.00
Patterns are drawn on Daily Chart and as usual complex drawing is presented. However for better clarity, part of the chart is published for your thorough understanding.
Target as follows:
Tgt: 463.50 (Daily Chart Basis)
SL: 444 (Closing Basis)
Market is all about OPPORTUNITY / ENTRY / TIMING !!!!!
Basis some minute observations, chart analysis is made, target and SL is given to understand the core of the subject for learning purpose only.
HINDALCO - A stock to watchThe stock has been making Higher Highs and Higher low from the recent low. Now attempting to take out the previous rejection Zone. Good support in terms of Relative strength, Money Flow and buying Pressure. Also showing positive Strength. Above the short and long term moving averages in both daily and weekly. The Metal index is also supporting in terms of bullishness. A close close above 454 will take it higher and will test 500+ levels.
Hindalco Triangle Pattern BreakoutBuy Hindalco if the Price sustains above Rs. 440. Pattern Breakout plus a confirmaton has been given above the Resistance line.
Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
HINDALCO BULLISH BREAKOUTHindalco was trading in a symmetrical triangle and has given a bullish breakout.
Entry can be initiated near current market price.
Stop Loss- Below 398
Target- 1. 500
2. 620
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 looking to hold ground and nudge ahead.Hindalco Industries Ltd. is the metals flagship company of Aditya Birla Group. It’s major operations include resource mining, Alumina refining, Aluminum smelting, Copper smelting etc. Hindalco ranks among the global aluminum majors as an integrated producer and footprint in 9 other countries.
Hindalco Industries CMP is 427.85. Negative aspects of the company are declining annual net profits, declining cash from operations annual and MFs are decreasing stake. Positive aspects of the company are no debt, FIIs are increasing stake and zero promoter pledge.
Entry after closing above 437. Targets will be 449 and 461. Long term targets in the stock will be 483 and 504. Stop loss in the stock should be maintained at closing below 381.
