Hindalco un channelKeep an eye on hindalco. Moving in good channel pattern. If it crosses 168.50-169 with good volume then will show a breakout or else short at that price for 158-156.
HINDA trade ideas
This stock have short term momentum to reach 180+Hindalco touch 180+ in short period of time orin a week
Hindalco buy with tgt of 180 / cmp 155 / SL148Hindalco will be breaking the channel and achieve tgt of 160 to 180 in July month expiry.
HDOI160
#Ideaforeducation
HINDALCOKeep on radar, and have a watch on 168 levels, if it breaches those, big upside coming then.
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 - Amazing Pitch fork and Harmonic layout Hindalco rallied yesterday and today to make a high around 160. It cross the pitch fork higher line from April 30 high which and was facing resistance from extended line of higher pitch fork line. At the same, it made a harmonic bat pattern indicating a reversal. With the perfect timing made a good profit in the stock. Seems to face good support around 150 and have exited the sort position. Will take fresh position only once it break out 148 level which is point A of Harmonic patter and below the Pitch fork center line.
HINDALCO , InsideBar , Go Short Below 146.75 Inside Bar Formation ( 4 Candle Close Under One Candle ( Doji form on 16 june )
Price Is In Supply Zone ( Tested Once )
Price Is On Resistance Zone
ADX Above 25
+DI IS Above -DI
Go Short Below 146.75
SL :- 154.6 OR FOR Aggressive ( Previous To The candle which Broke 146.75 High )
Target On Support Of Trendline
It can BREAK Trendline also So Trail Your Sl And Ride The Rally
Buy and Sell adviceWithin my specified channel Hindalco for Buy and target 160. If the 4 hours candle exits from my specified internal channel then suggest closing the position.
A previous gap down openKeep SL wisely. On 11th March there was a big gap down opening. Have been trading in the same zone, but at the same time strong upward move. That's why 2 probable roads for the next target.
HINDALCO INDUS.THE OVERALL NIFTY METAL INDEX IS AT A CRUCIAL RESISTANCE POINT , NOW HINDALCO INDUS. IS AT RESISTANCE POINT , THIS VERY CRUCIAL RESISTANCE FOR HINDALCO IF I HOLDS THIS PRICE IT MOVE ON FUTHUR TOI TEST THE VPOC OF 159 , IF THE BELOW TREND LINE BREAKS IT CAN GO TO TEST THE PREVIOUS POC OF 145/140 , MONDAYS PRICE ACTION IN STOCK CAN DEFINE THE FURTHER PRICE MOVEMENT OF STOCKS , ON MONDAY IF THE PRICE BREAKS BELOW TREND-LINE WITH SOME VOLUMES THEN ON NEXT RETEST WE CAN LOOK FORWARD TO SHORT FOR TARGET OF AROUND 145/140 AND IF IT CROSSES RESISTANCE AND SUSTAINS WE CAN BUY FOR RETEST OF PREVIOUS VPOC LEVELS OF 159
BUY HINDALCO For 132 136 140 143 150 153 161 169 SL 113BUY HINDALCO For
132 136 140 143 150 153
161 169
SL 113
TF 1 Month
Hindalco Industries Ltd (Hindalco - NSE) - ABC zigzag wave patteHindalco Industries Ltd (Hindalco - NSE) is in ABC zigzag wave pattern in 60 min time frame from major low and it is now in 1st of C wave up, which is about to end. In weekly time frame it in in choppy WXY wave pattern and completed downside correction. Wave 2nd will be good entry for C up.
All Conditions MatchingKUMO Twist, Chikou Free, Tenkan above Kijun, Price above both Tenkan and Kijun. Can go Long Freely
