HINDALCO trade ideas
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.
HINDALCO Double Top Chart PatternAfter a fierce rally in Metals stocks, Hindalco did a Double Top at 475 Levels.
HINDALCO 1 HR BREAKOUTHINDALCO 1HR BREAKOUT.
Hindalco broke the descending trend line.. My immediate target would be 456 and 460.
Another buying opportunity would be a retest of the ascending trendline.
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.
Short HindalcoBreaking the support level and channel pattren shows week price movement. Wait for pull back and short after it again touch same level for the free fall.This my anlysis only for educational purpose please do your own research before any action.
HINDALCO 1DNSE:HINDALCO
Support trend line DAY candle
If hindalco sustain at 400 then we can initiate the short position
BUY at the 400 and Target will be 420-40-80
If no sustain then we sell below 395 and target will be 380-75
Hindalco next moveAs per the trendline and the last candle is bear candle so according to my knowledge it will reverse its trend as bear for sometime.
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 - Elliott wave analysis - 5th of 5th upIt is i 5th of 5th wave and can go up to 480-500 level before start correction and the invalidation level for the set up is 423. Below invalidation level, it can correct down up to 360 or even more downside.
HINDALCO INDUSTRIES - Re-Testing Break Out LevelHINDALCO INDUSTRIES - Re-Testing Break Out Level waiting for confirmation candle for good entry.
Hindalco -Bullish OpportunityHindalco -Bullish Opportunity
Testing the Support Level
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Hash Traders
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.
Hindalco - Elliott wave analysis - 5th waveIt is in 5th wave and expected to go for one more high after a three wave corrective pull back of internal degree. The target zone will be above 500 level.
rounding bottom formationlook nice classical chart. check volumes of narrow bear spread while forming cup(seems like accumulation) and now volumes are rising with wide spread seems next bull move possible . either wait for pullback or u are aggressive trade just jump in .
Hindalco - Elliott wave analysis - correctionIt is in sideways complex correction as WXY in progress. Until price remains below 405.75, it is considered to be bearish and can go more downside, but if price crosses above 406, then X wave will continue moving higher.
Hindalco Hindalco can touch 412 on 19/07/2021.
I think Nifty Metal will give good upmove on Monday.
JSW Steel also expected to give upmove.
channel formationWe can use the channel lines as support and resistance or short term trade positions
