HINDALCO trade ideas
HIndalco day chartHindalco is showing a good stregnth but this stock is in the pattern in upper and sown there is trendline resistance We have to consider this trendline before taking trades
Hindalco Looks bullishClassic pole flag pattern + kicker pattern on daily chart ....swing low sl and upside 500 +
Hindalco Intraday ViewHINDALCO Intraday view for tomorrow.
It has formed a good chart pattern expecting a breakout soon
Buy at breakout of trendline or at 455 at bottom
477 first target & keep a watch on 480 which is a resistance if it successfully breakout and sustain above this we will see good momentum.
You can take a swing trade as well.
There is good confluence comment below if you spotted the confluence.
If you have any queries comment below.
Happy Trading!
HIndalco Hindalco Industries Ltd. is a flagship company of the Aditya Birla Group. The Co and its subsidiaries are primarily engaged in the production of Aluminium and Copper. It is also
engaged in the manufacturing of aluminium sheet, extrusion and light gauge products for use in packaging markets like beverage and food, can and foil products, etc.
Breakout above 463 / DCB , will give target of 500 and 550
Strict SL 430 / 425
Market Cap
₹ 103,618 Cr.
Stock P/E
7.48
Book Value
₹ 404
ROCE
16.2 %
ROE
18.5 %
Promoter holding
34.6 %
EPS last year
₹ 61.1
EPS latest quarter
₹ 9.81
Debt
₹ 67,667 Cr.
Pledged percentage
0.00 %
Net CF
₹ 3,300 Cr.
Price to Cash Flow
6.15
Free Cash Flow
₹ 11,483 Cr.
Debt to equity
0.74
Volume
6,753,620
OPM last year
14.3 %
OPM 5Year
12.6 %
Reserves
₹ 90,662 Cr.
Price to book value
1.14
Int Coverage
6.66
PEG Ratio
0.16
Buy HindalcoHindalco has given a breakout .
Its look like some cup and handle breakout with retest too.
Huge volume on Breatout Candle .
Coming Resistance are weak
HinaldoWhen the ema supports price like this the ema is generally broken and the ema starts to reverse
Hindalco Breakout and RestestHindalco have a good support at 440 however there is a 200 EMA support at 424. These could act as a great support lever. However thre are few things that makes a good trade
1. Breatkout
2. Restet
3. Breakout with great volume
4. Broke 200 EMA and staying above it
I would put my money in for good risk/rewards ratio.
Hindalco: breakout candidateHindalco is a strong candidate for a breakout. Keep it on your watchlist!
Hindalco - Golden BreakoutHindalco has a beautifully broken resistance level at 445-447 level. Trade with SL and Trail your SL for good-RRR.
HINDALCO INDUSTRIES LTD - Bollinger Band + MACD📊 Script: HINDALCO (HINDALCO INDUSTRIES LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY 500 / NIFTY METAL
📊 Sector: Commodities - Metals & Mining
📊 Industry: Non - Ferrous Metals - Aluminum
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is already giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Current RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 455.55
🟢 Target 🎯🏆 - 502
⚠️ Stoploss ☠️🚫 - 435
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
HINDALCO INDUSTRIES LTD - Bollinger Band + MACD📊 Script: HINDALCO (HINDALCO INDUSTRIES LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY 500 / NIFTY METAL
📊 Sector: Commodities - Metals & Mining
📊 Industry: Non - Ferrous Metals - Aluminum
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is already giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Current RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 455.55
🟢 Target 🎯🏆 - 502
⚠️ Stoploss ☠️🚫 - 435
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Hindalco Industries (Ascending Tri BO)#Stock : #Hindalco Industries
#Chart Time Frame: #Daily
#Structure : #Breakout on #Daily basis of #Ascending #Triangle and #Previous #High with Decent #Volumes
On #Daily Time Frame the Stock has given a Good #Breakout with decent #Volumes of #Ascending Triangle Pattern which is a #Bullish Pattern and also of Previous High
So stock looks good for long as per the levels mentioned below:
#CMP - 455.55 or BoD 412
#Target 1 - 493
#Target 2 - 541
#Target 3 - 590
#SL - 380
#Holding Time Frame - #Short to #Medium Term
All charts & studies posted here are only for #EDUCATIONAL PURPOSE
Hindalco Elliott Wave Analysis in TamilHindalco Good for swing its going on pullback wave
next target 0.618 Level 511 target
#Hindalco harmonic working perfectly# Hindalco's next harmonic
Target-437
SL-379
CMP:395 @ 20 October 2022
HIndalco HIndalco 1 day chart it breaks out the ascending triangle pattern in upper side for upper side targert is 448
ambuja, ultratech, hindalcosell ambuja and ultra tech. Go long on Hindalco. All the best. take care.
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the given support level...........
HINDALCO TRIANGLE BREAKOUT PATTERNNow retracing towards resistance trendline.
Target 1 - 447/-
May consolidate around 200 EMA line on daily charts for some time - if crossed 200 EMA with high volume - look for Target 2 - 548/-
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the given support level............
my price action for hidalcomy price action for hidalco with include sl and tr 1:5rr after breaking the resistance
