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 trade ideas
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
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
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.
HINDALCO INDS TRADE SETUP HEAD AND SHOULDER +Elliote Wave Hello Guys, Sorry due to busy schedule not uploading any setup from past 24 hour
Hindalco Inds Good for buying For short term profit
when you look at 15 Min chart you see a head and shoulder pattern for target 127 I mention below
According to elliote wave principle now we are riding on 5 the wave which is the last wave if it moves further upward we can see the level of 130-135 easily
Thanks