Hindalco 3/6/21The levels are on the chart , if 400 level is not held strongly it can go way down.
Trade Wisely And Smartly.
HINDALCO trade ideas
Hindalco looks good on all the timeframesHindalco was on the top gainer's list yesterday, registering a gain of approx 3%.
The price action on all the time frames looks positive and it's likely and it could continue the move further on the upside in the coming trading sessions as well.
To continue the upside, the stock should sustain above 380 levels and the immediate resistance it has is around 400-410 levels.
HOW TO TRADE WEDGE PATTERNS IN A RIGHT WAY This is an Educational post regarding ' HOW TO TRADE WEDGE PATTERNS IN RIGHT WAY '
1. There should be a nice uptrend or downtrend before you start marking the pattern
2. join the most touches of body candle or wicks as per your trading style and what works for you
3. If a Fakeout has happened then most the chances of pattern to work increases
4. check the volume of recent price
5. always pay closer attention to price when price is near to the breakout
6. Always look for good body momentum candle breakout with good volume
7. aggressive traders can enter after the breakout
8. I always buy on the retest of the resistance level which became support or vice versa for short trade
9. Use your personal favorite indicator to add confluence to the trade
Do let me know if you learned anything from this post
POSITIONAL INVESTMENT VIEW IN #HINDALCOPOSITIONAL INVESTMENT VIEW IN #HINDALCO
HINDALCO LOOKING VERY STRONG CMP 385 KEEP ADDING TILL 360
STOP LOSS - 340 CLBS
TARGET - 420 435 450 465 +++
Hindalco loosing momentum after a bullish trend hindalco is loosing momentum and a major correction is expected .
From intraday perspective hindalco can have a selling pressure today. This is just my point of view
Hindalco Industries Hindalco is making a flag pattern.
Enter above 374
Target open
Book timely profits
only for educational purposes****
Like, comment, and follow for only educational trades.
hindalco longterm stockHindalco is making a pattern from a very long time and now there is a breakout and even a retracement which confirms it is not a false breakout , you can go long
HINDALCO - Trendline / Asc Triangle BreakoutTrendline / Asc Triangle Breakout
Volume > Average
Stochastic turned from oversold
RSI = 60
< 20% Selling wick
Buy above 370
Target 390 levels
Hindalco Good for intraday breakout and swing
In case there is a break down u can still enjoy intraday profit
False Breakout An analysis of Hindalco on how corona panic made a channel breakout with good volume tend to be an absolute disaster fell downside 100 pips
Hindalco - Elliott wave analysis It completed 5th wave of impulse cycle of larger degree from major bottom and therefore it should correcting down. But wait for impulse down wave to confirm the down sequence.
If it is moving in sideways then it is probably extend the 5th wave up and go higher much more.
HINDALCO LONG INTRADAY 6 APR,2021Dear trader,
If u look at the chart of HINDALCO (analysis based intraday only) the HINDALCO support at 351 and Target at 358 and Stop loss at 346.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
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HindalcoMultiyear breakout see the structure of the stock🔥 ,target could be 510 buy in dips if possible
HINDALCO- Multibagger StockHINDALCO has given a breakout of 10-Year-old Channel, Trading with high volumes from the past 3-4 months.
RSI is also expected to break out from the crucial level. Hold for a minimum of 450-500 levels.
POLE FLAG BREAKOUT
HINDALCOONE OF THE GIANT METAL SECTOR STOCK HINDALCO IS GIVEN FLAG AND POLL PATTERN IN DAILY TIME FRAME KEEP THIS STOCK IN WATCH LIST FOR UPCOMING DAYS TO GET GOOD RETURNS
Hindalco -- Flag pattern. Hindalco has a flag pattern in its daily time frame chart.
Entry -- wait for the price to break the upper flag trendline or close above it to avoid any false signals.
Stop loss - SL should be the price at the bottom flag trendline.
Target -- the flag pole is of 135 points. To be conservative -- always use a trailing SL to avoid losing on profits.
Hindalco - Intraday Trade SetupHindalco CMP - 326.40
Looking bearish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets.
*Sell* At or Below 324.50 / Stop Loss 331
Target 1 - 321
Target 2 - 318
Target 3 - 315 / 310
Disclaimer: This is my view and for educational purpose only.
