HINDALCO trade ideas
HINDALCO both targets reachedNSE:HINDALCO
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HINDALCO FOR BOTH SIDES
Trend analysis is the widespread practice of collecting information and attempting to spot a pattern. In some fields of study, the term has more formally defined meanings.
Although trend analysis is often used to predict future events, it could be used to estimate uncertain events in the past, such as how many ancient kings probably ruled between two dates, based on data s
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.
Going long with Hindalco share after good green candleHindalco was in a downtrend for a long period but recently it has broken it's trendline and now it's consolidating at its monthly POC marked as dotted line. If it gives a bullish engulfing candle on a daily chat or a morning star then we can enter long in this share . First target would be 500 and then we can trail to next targets according to price action.