Hindalco Hindalco can touch 412 on 19/07/2021.
I think Nifty Metal will give good upmove on Monday.
JSW Steel also expected to give upmove.
HINDA trade ideas
channel formationWe can use the channel lines as support and resistance or short term trade positions
I would say it bullish mode I am learner for chats and stocks..
want to share my idea that it would be set up for swing buy signal.
Hindalco waiting to break out Hindalco waiting to breakout from a symmetrical triangle. You can see the decrease in volume at the bottom. Its accumulating power to breakout upside. SL 380 . first target it will reach 425 and then price may come down for an ascending triangle or it may breakout above 426 for target of 480+
Hindlco@390Hindlco ..buy 359 daily chart zigzag part price move some upside 360 around 390 or 399 levels or seen
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.
Buy Hindalco above 370 Hindalco trading below the uptrend support line which might act as resistance in the coming days.
360 previous acted as a resistance is now converted into support zone.
Good to buy above 370 level (CMP 371)
Target - 400/430
Stop-loss 360 on clsg basis.
