HINDALCO trade ideas
HINDALCO--Bullish Gap or Bearish Gap ??observations::
previous demand zone resisting the price to go up...
If price breaks the demand zone price completes...bearish gap.
before going to fill the bearish gap, we have a bullish gap left @410 range...
if this acts as support...we will observe bearish gap be filled soon.
keep track this zones...
HINDALCO DAILY CHARTRange is set on daily charts of HINDALCO.
Any move beyond it will resume the trend.
Hindalgo Trade analysis..Nearing resistance line May be reverse form here.
Holding above 420 can give movement up to 450 levels also. Let see.
Need gap up opening above 420 then retrace then further upside can. ?
If flat or negative open then will go down ?
Hindalgo Trade analysis ideaNearing resistance line May be reverse form here.
Holding above 420 can give movement up to 450 levels also. Let see.
Need gap up opening above 420 then retrace then further upside can. ?
If flat or negative open then will go down ?
Bearish on hindalcoAccording to the present date and conditions, I am looking Hindalco on a bearish side according to the technical side.
There were multiple factors making this stock bearish.
1. Stock pattern was in the downtrend.
2. Failing to cross and sustain above important resistance
3. Stock price below important moving average levels.
Only we can turn bullish on this stock if it closes above the trendline stronger. you can see the trendline drawn on this chart.
Coming to support, Hindalco shows decent support at 382.
HINDALCO LOW RISK HIGH REWARD IDEAAs per my analysis, it is the best time to take buy entry at 404-405 on NSE:HINDALCO with stop loss of 395 (-10 Points Risk). My expected upside target would be 414 & 433 (If any daily candle closed above level of 415.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Looks goodLooks good if it breaks the triangle.
Not an investment advice. Do your own due diligence before investing.
{HINDALCO}:{NEEDS TO RISE BY 13% to REACH THE MONTHLY SUPPLY}
Price has given a Buying Signal and has given a Pullback into a Potential Monthly Demand and should shoot to the Resistance formed @ 458.60
ENJOY THE RIDE ! ! !
HINDALCO--In RANGE Bound ??Observations:
----->> The stock is trading in a range bound for long time.
------>> now its trending downwards in 15min time frame and now its near to support again, if support breaks will see downwards up to 420 range.
------->> we have a trendline resistance as well, if breaks will again move back to 445-450 range.
------->> keep an eye on these levels.
{HINDALCO}:(FINAL RISE FOR 4.5%)
Price has completed the 5 Wave Impulse in 12 Months Chart this is the last wave of uptrend in Correction as the Trend is in Downward direction, the target of this Long Trade is the Entry price for a Short Trade, so timely exit is as critical as the Entry is...
ENJOY THE RIDE ! ! !
UNDERSTANDING {HINDALCO} WITH (WAVES)!!!
Price has formed a 5 Wave Impulse in Monthly chart, which completes the Wave 1 in the Higher Loop
Currently Price is in Correction forming the Wave 2 in the Higher Loop, which ends in a Demand formed in the 12 months chart @ 284.00 also this is the Price from where the Wave 3 starts,
Focusing on the current Price we are in a simple correction in Monthly chart,
Price has a fresh Monthly Supply which will complete the last WAVE C of the Wave 2 also we have a small Buy Trade before the Wave C (Declining Impulse begins!!!)
I jus Hope this is Understandable!!!
ENJOY THE LAST UPRIDE!!!
Hindalco Weekly - Symmetrical triangleHINDALCO symmetrical triangle pattern in weekly timeframe
Buy if it breakout above ₹460
Targets : T1 - 500
T2 - 555
T3 - 636
Stop Loss - 375
R:R - 1:2
#NFA #DYOR
#hindalco looking good for upcoming day#Hindalco... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
INTRADAY IDEA ON HINDALCO ON 2-05-2023in HINDALCO we will take a long trade,this content is made for learning and educational purposes only. we are not responsible for any losses or profits.
Short term call Buy Hindalco above 440 for the target of 472 /505. Sl 410
on holding basis....
Short Term Call...
INTRADAY IDEA ON 26-04-2023in HINDALCO we will take a long trade,this content is made for learning and educational purposes only.
HindalcoHello & welcome to this analysis
In this chart we can see
a diagonal breakdown which bought the stock down to 380
where it went into form a bullish harmonic cypher
to be followed by a bullish RSI divergence
It could now attempt further upside till 425, then 440 & 455 as long as it sustains above 400.
Good set up for momentum at the moment.
Sell signal in Hindalco
Hindalco seem to have touched its current swing high. Rest of the week should take it down.
Hindalco ( upside possible )This stock is forming higher lows and is looking strong for near breakout. Good buying opportunity above 422.45 with a stoploss of for targets of 429.85, 438.05 and 447.
Trade wisely at your own risk appetite,
Good luck, Jai Hind.
HINDALCO 1D (27 MARCH 2023)NSE:HINDALCO
Hello traders ,
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
DISCLAIMER- We are not a SEBI registered advisor.this is only for educational purpose. before taking trade take advice from your financial advisor.We will not be responsible for your profit and loss.
