HINDALCO
Hindalco Best Zones for #Bottomfishing in #HindalcoBest Buy Zone: 434 - 472
Good Buy Zone: 472 - 513
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
Short Term Bullish Trade in HindalcoNSE:HINDALCO seems to be bullish above the level of 470. The level is the neckline of the inverted head and multiple shoulders which is a bullish pattern and as the script is already bullish in long term, it's a continuation chart pattern here. As you can see, after the breakout of the neckline price has retested the level and rising after taking the support. So every dip will be the buying opportunity above 470 for the target of 550/570 (MUBB). Hilega Milega is favorable too.
Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.
52-Weeks HIGH made for #HINDALCOToday Hindalco made 52-Weeks High on strong buying. Lets wait for profit booking if happens else Buy Hindalco above Today's High price when ever it crosses Today's High with SL as Today's Low Price.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Hindalco Short Term Reversal The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby.
Risk Reward Ratio - 1:1
SL is placed below support zone & the lower trendline. The target is placed near all time high.
Bulls Showing Efforts On Weekly chart Of HindalcoNSE:HINDALCO [/symbol
On weekly chart of Hindalco after a good bearish candle we are now seeing good efforts by bulls to stop selling and pushing the prices up from support level of 407. from here onwards HINDALCO will continue its up trend as chart is already sowing up trend. and higher highs and higher lows formations.
HINDALCO - Range LowHindalco has been creating a New channel pattern expanding its range from 29 Jul 2021.
This simple idea aims to use this channel current low as a opportunity to enter and obtain a short term target of Rs. 425 ( Maybe even bigger if breakout happens). Risk involved is the stock price may breakdown the channel bottom and then bounce back. If by any chance the stock breaks down , my stop loss could be Rs. 395 ( differs for everyone ). Now i have made my entry @ Rs. 409
P.S I am Risk moderate trader trying to capitalise short term opportunities
I had published a similar pattern as idea for INFY which gave huge returns recently.
This Idea is only for educational purpose.
Hindalco Industries Short Term BreakoutThe stock has broken out and retested but the presence of a support around Rs.426 provides an opportunity to enter lower. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 4:1
SL is placed below support zone. The target is placed near swing high.