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
HINDA trade ideas
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 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 Bearish Move
Possible retest for HINDAlCO INDS. Demand could change into supply.
Sinds the end of March Hindalco has been facing a strong downtrend. Which could be resulting from the high Dividend payout Q1 2022 as investors have taken profit both from the bullish run and it's dividend higher payout.
Approaching the shorter time frames for a more intra-day trade, there is possibility for shorting. The stock's volume is corresponding with a most likely retest, as their is a little barrier occurring right at the previously mentioned formed supply. I recommend a risk reward of 3 due to the enormous selling pressure.
- David van Delden