Hindalco AnalysisI have analyzed Hindalco with Trend, candle pattern & Gann techniques. And found that it is looking weak. Stop loss is 716. And Target is 677,659. It is metal stock and due to global pressure it may break.
0.75 USD
1.23 B USD
26.05 B USD
About HINDALCO INDUSTRIES LTD
Sector
Industry
CEO
Satish P. Pai
Website
Headquarters
Mumbai
Founded
1958
FIGI
BBG000BYP5L0
Hindalco Industries Ltd. engages in the production and marketing of aluminium and copper products. It operates through the Aluminium, Copper, Novelis, and All Other segments. The Aluminium segment manufactures and sells hydrate and alumina, and aluminium products. The Copper segment is in the business of manufacturing and selling of copper cathode, continuous cast copper rods, sulphuric acid, DAP & Complexes, gold, silver, and other precious metals. The Novelis segment engaged in producing and selling aluminium sheet and light gauge products. The company was founded by Ghanshyam Das Birla on December 15, 1958 and is headquartered in Mumbai, India.
Hindalco-Bullish Swing- Very good signs of bullish momentum!
Buy above 644.05
Risk reward- 01:01
Target & Stoploss- 4.3%
1.Inside bar breakout found with bullish engulfing after forming 3 green soldiers- Good signs of momentum
2.Price has formed double bottom and hammer before reversal
3.Rejection from 0.318 Fibonacci level
4.Resistance turned to sup
Hindalco bouncing from SupportHindalco is at its Monthly and Weekly Support.
If it holds can show some theatrics as per Bullish Harmonic Pattern.
Metal Sector seems consolidating.
Do your own diligence.
SWING TRADE OPPORTUNITY - HINDALCOHindalco has taken proper weekly support, which is a nice opportunity to earn a decent profit from this script.
Missed HindalcoHindalco Completing 'W' pattern. This is the beauty of Market. No need to buy now but can see completing the pattern. Target is 676. hopes so it will give breakout after that
HINDALCONSE: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 a
Go long in HINDALCOThere is a good breakout can been observed in hindalco. From here we can expect targets on 661m 684 and 713 on the upper side.
On the downside there is an important support level of 600. We can place a stoploss for investment (educational purpose).
Hindalco Short to Medium term target 900Hindalco forming Cypher pattern. It will have a resistance at 665.
Weekly candle close above 665 will have potential upside with following targets
Target1: 665
Target2: 700 & 725
Tagrte3: 775, 830 & 900
At current state SL: 550
At 665, SL: 640
Hindalco Industries: Breakout from Downward Channel
Analysis:
1. Chart Pattern:
The chart shows Hindalco Industries breaking out of a downward-sloping channel . The breakout is supported by recent bullish candles , indicating strong buying momentum.
2. Key Levels:
Support: ₹595.35 acts as a key support level. The price bounced strongly fr
Hindalco Positional Trade IdeaHindalco exhibits a strong reversal pattern from the ₹572 demand zone, breaking above ₹615 with a bullish trend continuation.
Key Technical Levels:
Entry: ₹617 (Post breakout confirmation)
Target: ₹650+ (Potential resistance zone)
Stop Loss: ₹597 (Below key support)
Technical Indicators:
RSI show
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Neutral
SellBuy
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Neutral
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Neutral
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Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
