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HINDALCO INDUSTRIES LTD.HINDALCO INDUSTRIES LTD.HINDALCO INDUSTRIES LTD.

HINDALCO INDUSTRIES LTD.

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HINDALCO trade ideas

HINDALCO: METAL TO METTLE?Hey There, Welcome Back. We are not big fans of industries that are on the commodity (Raw Material) side of the value chain, But for those who don't mind, Here is everything you should know about Hindalco. - A support trendline has been pushing the price up - An ascending triangle was formed with the recent 6M consolidation - A breakout candle broke both the AT Range and crucial resistance zone - The breakout came in as a Bullish engulfing that adds to the positives - Overall for the last 15 months, the price has been sideways - If you draw a resistance line from top, We saw a breakout of that too. Not the most reliable trendline, but it still adds to the analysis - Price is nicely above 200EMA - Previously the price failed to sustain the 500 mark. What will it do this time? Have Insights or Questions? Let us know in the comments below.👇 While you do that, how about a boost for some motivation🚀 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:HINDALCOLong
by TheChartereds
HINDALCO INDS S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:HINDALCO
by zenthosh
Expected Directional Levels For The YearHey Folks! All the important levels are marked along with the description. I have introduced My new concept of "Time Probability" in this chart which is marked with "YELLOW CIRCLE". In simple words expecting a reversal or a breakout when the stock is in the "YELLOW CIRCEL" . These levels are marked for expected Uptrend. Strategy is simple. Entry point is the value buying area . Stoploss is the yellow line. Targets are the upper green lines. Club these levels with your analysis to have an edge.
NSE:HINDALCOLong
by prachitv1
Hindalco Intraday and Swing for 03.05.2024- Bullish Signs Day TF Market has broken previous high and retracement candle formed by rejecting the same zone Day TF Market has broken previous high and retracement candle formed by rejecting the same zone 15 Min TF Price is in downward range after breaking consolidation area towards upside. Previous resistance has converted to support which is strong sign of holding price upside 200 EMA has good support Wait for price to cross previous LH Strong Buy: Above 947. Target(1.4% or 9 points) Get confirmation from any of the leading indicators before entering trade Kindy comment below in case of any clarification required on this particular idea. Please follow for more ideas
NSE:HINDALCOLong
by Swinging_Inside_the_BAR
HINDALCO INDS S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:HINDALCO
by zenthosh
Just A View - Gap Fill - HINDALCO📊 Script: HINDALCO 📊 Nifty50 Stock: YES 📊 Sector: Non Ferrous Metals 📊 Industry: Aluminum and Aluminums Products Key highlights: 💡⚡ 📈 There was a huge gap down on 13th Feb so, Script may fill the gap. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 558 🟢 Target 🎯🏆 - 593 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:HINDALCOLong
by radha_23
1
Shorting opportunity in HINDALCOAs observed, HINDALCO is currently exhibiting a pattern indicative of a wedge formation, with clear adherence to both support and resistance levels. It appears to be nearing the conclusion of this wedge formation, likely completing the e wave. Furthermore, an additional wedge seems to be forming atop the existing structure. Should the 12345 wedge sequence break, it presents a compelling shorting opportunity. This setup aligns well with established trading principles and warrants careful consideration for potential profit capture.
NSE:HINDALCOShort
by ElliottWaveInsights
Hindalco Industries: Analyzing the Potential Upside MomentumHindalco Industries, one of India's leading producers of aluminum and copper, has been on the radar of many traders and investors lately. Analyzing its daily charts reveals intriguing patterns, hinting at a potential bullish move ahead. Technical Analysis: Taking a closer look at the daily charts, it appears that Hindalco has undergone a corrective phase, with the recent bottom at around 495 marking the end of the fourth wave down. For Elliott Wave theorists, this suggests the possibility of the stock entering into the fifth wave, typically associated with significant upward momentum. The Elliott Wave Theory suggests that markets move in repetitive cycles or waves, consisting of impulsive and corrective phases. The fifth wave is often characterized by a strong surge in price, as bullish sentiment takes over. Price Target: Based on this analysis, it's reasonable to consider a potential price target for Hindalco Industries. If indeed the stock is poised for a fifth-wave rally, it could target a significant upside movement, potentially reaching levels around 635. However, it's important to note that technical analysis provides probabilities, not certainties. While the Elliott Wave Theory offers valuable insights into market behavior, it's essential to supplement it with other indicators and risk management strategies. Risk Factors: As with any investment opportunity, there are inherent risks to consider. Market volatility, economic factors, and unforeseen events can all impact the trajectory of a stock. Additionally, individual stock performance can be influenced by sectoral trends and company-specific developments. Conclusion: In conclusion, the daily charts for Hindalco Industries present an intriguing opportunity for traders and investors. With the recent corrective phase potentially ending and the possibility of a fifth-wave rally on the horizon, there could be significant upside potential for the stock. However, it's crucial to approach this opportunity with caution, conducting thorough research and employing risk management strategies. While technical analysis can provide valuable insights, it's essential to consider a holistic view of the market and remain vigilant to changing dynamics. As always, investors should consult with financial professionals and conduct their due diligence before making any investment decisions.
NSE:HINDALCOLong
by Charts_Maven