HINDALCO trade ideas
Hindalco - Triple test of 221 and break outHindalco has been testing 221 for the past few quarters and has broken out of it today finally. A rally from 80-220 that is 160 points. I would consider a 160 points rally from here as well in the next few quarters. For short term looking at 260-280 range.
Hindalco - Bullish FlagHindalco has bullish flag and a major support at 175.75 , Can be bough at cmp or wait to break 180 resistance. Targets on chart.
HINDALCO - Elliott wave analysis - Go short on bounce HINDALCO - It dropped in A wave impulse cycle, so wait for B wave bounce up to 175-181 zone. Sell in that zone with stop loss above 187.75 for target below 160 or lower.
Give thumbs up if you really like the trade idea.
HINDALCO Bull caseHi Friends,
METAL SECTOR IS BRAKING TO THE UPSIDE.
Hindalco is braking the short term down trend line, so by keeping the stop loss @ 167 one can enter the script.
Your humble trader,
Kiran
HINDALCO - Elliott wave analysis - buy set upHINDALCO - It is in ABC zigzag cycle from last bottom as shown in the chart from last bottom, where 4th wave of C wave is in progress and may finish soon. Go long with stops below 179.50 for target above 188 or higher as medium odd trade set up with small quantity.
Give thumbs up if you really like the trade idea.
HINDALCO close to resistanceHi Friends,
I love Trend following stocks. Weather it might be UPTREND or DOWN TREND.
BECAUSE i believe in saying '' TREND IS YOUR FRIEND ''
One of few stocks which follow the trend clearly is HINDALCO.
It started Down trend and our aim to get profit from it.
So sell at the resistance with tight stop loss.
Your humble trader
Kiran
Hindalco - Intraday Trade SetupHindalco CMP – 173.25
Looking bullish. One can go for Intraday trade with the following entry, exit & targets
Buy ONLY above 175 - 176.55 / Stop Loss 168
Target 1 - 178
Target 2 - 180
Target 3 – 185
Note: This is my view and for educational purpose only
Hindalco - Intraday Trade SetupHindalco – 170
Looking bearish. One can go for Intraday / Swing trade with the following entry, exit & targets
Sell range 172 - 168 / Stop Loss 176
Target 1 - 165
Target 2 - 162.50
Target 3 – 160 / 158
Note: This is my view and for educational purpose only
#HINDALCO DOUBLE TOP #PATTERN Double Tip Formation at 181-182 zone
Neckline at 172-171 spot zone
Below 171 Target 166-160
HINDALCOKEEP AN EYE, IF IT STAYS ABOVE 180 THEN 185, 187.50 AND 190 CAN BE SEEN ELSE BACK TO 168
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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HINDALCO 4HRBULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
R-0216 Cash Sell HINDALCO @163.5-164.70 SL 167.4 TGT 157.4Intraday Cash Sell HINDALCO @163.5-164.70 SL 167.4 TGT 157.4
Support is 162.9 once break can see more downside.
Tk cross over so sell from any rise.
RSI -> Neutral
MACD-> bearish
Moving average -> Bearish
26) looking bearesh @sell - at -174 ,s l -185Long term survival is a more important thing to consider in trading than short term profitabil
Triangle Signal If if cross triangle in upper sight then buy & Tergat will 203
If it cross Triangle in down sight then selling terget will 158
