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HINDALCO

HINDALCO - At the verge of breakout soonIt is hovering at the pre pandemic resistance levels. Resistance at 202 has been tested once and rejected at the breakout level. In my opinion it may test the resistance one more time before the breakout happens. If this follows the lower trend line in my opinion the breakout is certain around the last week of september 2020. If during now and sep last week its touches 202 two more time the breatout would be immediate on the following.day. Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK.I m not your financial advisors. Risk it for the biscuit.
NSE:HINDALCOLong
by sureshsehrawat
2
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 ---------------------------------------------------------- Support : 144 and 140 Breakdown : 146 CMP : 154.35 Breakout : 160 Short Target : 170 and 175 ---------------------------------------------------------- (Disclaimer: This is only for educational purpose.)
NSE:HINDALCOLong
by singajai
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
NSE:HINDALCO
by Mindfreakak