HINDALCO IS VERY BULLISH IN DAILY AND WEEKLY CHARTNSE:HINDALCO
Hindalco is very bullish in daily and weekly chart.
buy 650 - 675
Sl 580
Target 930+
time duration 1-2 month
Hindalcoanalysis
HINDALCO--DemandZoneThis stock price is now near its demand zone.
A strong fall is noticed from the resistance zone @620.
on bottom side we have also trendline pushing the price upwards and acting as support.
Find long oppurtunities in this stock from trendline or demand area.
HINDALCO--@Resistance Zone??this stock is trendling Upwards..
now the price is at Resistance Zone...
if it failed to break the resistance it will continue its fall,
on bottomside trendline is acting as a support.
keep in long side as long as price is above the trendline..
On top side after a strong fall price is going to test the resistance, so keep looking for short from this zone.
Now at resistance, multiple times it is rejected from this resistance, this time if this breaks it will reach the resistance zone at 580 levels.
Trade safe...
HINDALCO--Enters in Daily Resistance Zone??Price is now enters into the daily resistance zone,wait for the price to be bearish
after a strong bullsihness price is facing resistance.
the area of value at 470 price may push it upside again...so keep looking for short side...
HINDALCO--Channel Breakout or Breakdown ?? this stock is trading in a range...
from several days....wait for the breakout or breakdown...keep add in your watchlist...
if again continue its movement towards upside from the channel or break....
if it moves upside we have resistance @445-450 zone...support is located @400 zone...
HINDALCO LOW RISK HIGH REWARD IDEAAs per my analysis, it is the best time to take buy entry at 404-405 on NSE:HINDALCO with stop loss of 395 (-10 Points Risk). My expected upside target would be 414 & 433 (If any daily candle closed above level of 415.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
{HINDALCO}:{NEEDS TO RISE BY 13% to REACH THE MONTHLY SUPPLY}
Price has given a Buying Signal and has given a Pullback into a Potential Monthly Demand and should shoot to the Resistance formed @ 458.60
ENJOY THE RIDE ! ! !
HINDALCO--In RANGE Bound ??Observations:
----->> The stock is trading in a range bound for long time.
------>> now its trending downwards in 15min time frame and now its near to support again, if support breaks will see downwards up to 420 range.
------->> we have a trendline resistance as well, if breaks will again move back to 445-450 range.
------->> keep an eye on these levels.
{HINDALCO}:(FINAL RISE FOR 4.5%)
Price has completed the 5 Wave Impulse in 12 Months Chart this is the last wave of uptrend in Correction as the Trend is in Downward direction, the target of this Long Trade is the Entry price for a Short Trade, so timely exit is as critical as the Entry is...
ENJOY THE RIDE ! ! !
UNDERSTANDING {HINDALCO} WITH (WAVES)!!!
Price has formed a 5 Wave Impulse in Monthly chart, which completes the Wave 1 in the Higher Loop
Currently Price is in Correction forming the Wave 2 in the Higher Loop, which ends in a Demand formed in the 12 months chart @ 284.00 also this is the Price from where the Wave 3 starts,
Focusing on the current Price we are in a simple correction in Monthly chart,
Price has a fresh Monthly Supply which will complete the last WAVE C of the Wave 2 also we have a small Buy Trade before the Wave C (Declining Impulse begins!!!)
I jus Hope this is Understandable!!!
ENJOY THE LAST UPRIDE!!!
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
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!!
