sell hindalco Daily timeframe channel breakdownHindalco broke daily timeframe channel
sell at 540
stop loss 560
1st target 510
2nd 475
3rd 450
HINDALCO trade ideas
Hindalco Trend AnalysisChart shows clear downtrend in Hindalco.
Strong bullish divergence in RSI on both daily and weekly timeframe hinting towards possible retracement.
Expecting key support around 455 level for a retracement till 540 level.
After which it will head lower towards 390 level to form a zigzag.
That will be the best area to accumulate for long term positional trade.
For short term swing trade:
Buy around 455
Target around 540 (18.5% ROI with 3.6 R:R)
Stop loss @ 430
For long term positional trade:
Buy around 390
Target around 765 (96% ROI with 10.7 R:R)
Stop loss @ 355
Kindly do your own research before trading.
Peace!!
HINDALCOHindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India. The company has annual sales of US$15 billion and employs around 20,000 people. It is listed in the Forbes Global 2000 at 895th rank.
HINDALCO'S SHOULDER BROKEN !!!
# MISSED trade#
NSE:HINDALCO
{
What happened ?
As u can see in chart, that share price is completely 10% broken down from 550 range;
I was eagerly waiting for shorting this trade(From 12 April);
but due to some work pressure ,I wasn't able to gaze the charts;
And hence I lost a precious trade;
Don't take any trade now since it already moved to the downside target;
}
What is Head-shoulder pattern??
{
it's similar to human body;
human have one head and two shoulders;
In the same way the stock price moves from right to left shoulder by overstepping head;
Even the situation may turn vice-versa;
We will mark the shoulder line ,in the above chart the shoulder line was around 550;
if shoulder line broke down ,then there is a huge probability of stock following the trend;
i.e., if it's down trend then it moves further huge down till it reaches a supporting level;
or vice-versa;
}
Moral of the story :-
{
Always Watch charts, NO matter what it takes;
One good aimed trade better than 10 blind trades;
Wait for chance, and grab the trade;
Have price alerts for trades, since u cannot focus all time;
}
HAPPY TRADING
{
Follow for More exciting trades.. @VK2413
Show your ❤️by 👍to the idea..
Please express the trades You missed in comment section..!
}
HINDALCO CHART ANALYSISHere we analyze the price chart of HINDALCO . You can take a look at our analysis and customize your own trade.
Hindalco Long SetupHindalco Long Setup
Hindalco respects 44EMA many times.
Currently at 44EMA, and demand zone too made doji.
Multiple confirmation, highly probable setup.
Long at CMP 570
SL 550
Target 630+
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the given supportzone..................
hindalcoon daily chart demand has been created ...n rsi diversion on daily so price can restest ..that demand ..v can go long
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the given support area with big red candle.........
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the support zone...........
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock and Market is weak then we will short the stock..........
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the support zone with big red candle..........
HINDALCO GOODHindlaco shows bullish momentum.
weekly time frame trying to form flag pattern
Intraday Levels marked
All levels are education purpose only.
Hindalco Long SetupHindalco Long
Good Above 580.
Add more if comes near 540-550
SL 530
Target : 600, 630+
Buy Hindalco industryRSI 2 indicator showing buy for hindalco industry. RSI2 is below 5 and bollinget band at lower support level.
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the previous days low..........
HINDALCO buy for intraday tradingHINDALCO buy for intraday trading if stock break the previous day high with big ass candle..........
HINDALCO buy for intraday tradingHINDALCO buy for intraday trading if stock break the previous day high with big ass candle.........
Nse Stock "Hindalco" Positive Break Out Done.... target is 655 Nse Stock "HIndalco" Positive Break Out Done....
IN a bearish Market Technical Patterns are Risky, But IF we Follow The "Technical Edge" and do out own Analysis to make a Descent Profit...
To View More Pattern Like this Follow Me On Trading View my Profile Name Is Bprasanna
HINDALCO buy for intraday tradingHINDALCO buy for intraday trading if stock break the previous days high............
Hindalco India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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