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HINDA trade ideas

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
NSE:HINDALCOShort
by ImperialTrading
Hindalco rounding bottomGave my view on Hindalco last month as it moved above 363-365 levels had a big breakout. For now making fantastic rounding bottom, maybe it will consolidate for some time trend. has got ex - dividend yesterday. their is resistance near 430 - 450, if move above those levels and hold them, buy with conviction for 500 and 560. Trend : NEUTRAL to positive, take position above 450. Its a positional view, buy for short to medium term place SL near 398 Disclaimer : these are my personal views take advise from your advisor before taking position.
NSE:HINDALCOLong
by Jrkautilya9
BUY Hindalco at current levels of 360-363 for a Target of Rs.405Dear traders greetings. The Hindalco Industries on its Weekly Charts is crossing the RSI-40 from below and entering the Sideways zone. It translates that on its 3-Hour Chart it has already crossed the RSI-60 levels and entered into the BULLISH Zone. So, I assume that as long as it holds on these current levels and closes positive today, It is expected to make a nice Up Move by the end of this week and reach the Target of Rs.405/-. The Target has been calculated assuming the reverse move (the Mirror Image) of the Biggest Falling Candle's height that occurred during recent weeks. So, I think it can be a best buy at the current levels of Rs.360-363, for the Target of Rs. 405 in a week or so. and the Stoploss is Rs.349/- Disclaimer :- The trade idea(s) above mentioned is the outcome of my research and personal view and opinion. It is solely meant for the educational purpose. Trading or Investing in the stock markets involve huge risk of losing capital (partial or complete capital). So, please take an advise from a Certified Financial Adviser before taking any decision about Trading or Investing.
NSE:HINDALCOLong
by SaifHussainN
Hindalco channelHindalco on Daily as well as 2 hrs charts moving and making a channel pattern, at every end of the channel is making strong green candles and continuous bullish candlestic patterns such as hammer and morning star. but as the trend is concerned their is a big resistance on the upside which may force it down and change the pattern to bearish flag. therefore wait for the upside till it breach 362- 365 levels. RSI well placed near 45 - 50 levels, global cues will also reflect the fundamentals of the chart. following above mid band of bollinger, positive in it as well once but wait for the levels, looks will outperform in coming days and weeks. Disclaimer : views are personal please take advise from your adviser before entering the stock.
NSE:HINDALCO
by Jrkautilya9