Downmove almost over
It seems downward move of Hindalco is almost over. Can be a good candidate for buying in coming days
HINDALCO trade ideas
HINDALCO : Break Rising Wedge PatternHindalco Ind. Stock on Daily TF wee can see that the stock had broken the Rising Wedge Pattern in down side with high volume, which had made from June '22 & Broken 6th Feb then stock consolidated from a week and was broken consolidate on Friday now stock is ready for downside Journey. Stock is week on short and long term basis.
Entry : CMP
Sl : 427
Downside Move : 407,396
Trendline Breakdown in Hindalco Industries Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
HINDALCO - Short HINDALCO - Cypher pattern
A daily close below point B will invite a target will point D.
NOTE - Wait for definite close, no need to rush entry.
Hindalco in support - view for 16th FebHindalco in support - view for 16th Feb
Below 425 expecting a fall...
Please follow strict risk reward and stop loss...
Charts for Educaitonal purposes only.
Thanks,
V Trade Point
Fill Up Your Portfolio..Soon On Moon🚀Just On support and Ready for Boom .. 🚀🚀🚀🚀😘😘... And also just on trend line support... Just at small SL..
HINDALCOIn the Weekly Chart of HINDALCO ,
we can see that, After the failure of Cup & Handle, it bounced back.
Again it has failed.
lets se it will bounce back or touch the line and fall down.
Whole Steel Sector is down.
HINDALCO making an inside bar - may go down from here
Hindalco making an inside bar today. A big move is expected in this stocks
Considering gap down of yesterday, it will need to lot of strength to go up and fill this gap, instead i believe it will go down further and lower end targets as shown in the chart in coming days. but as we all know, market can ourtsmart all of us.
HINDALCO BreakdownPreviously told to look the price action around Resistance level. and a rising wedge breakdown possibilities, Now from 479 to 429 below........
HINDALCO LONG TRADE 1 HOURHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
.
HINDALCO
1 hour : It has taken the liquidity from major high.
*Wait for the opportunity in lower timeframe (5 min) and we could see downside movement.
THANK YOU !!!!
HINDALCO VIEW FOR TOMORROWHINDALCO LEVEL FOR TOMORROW....
Follow strict risk reward and stop loss...
Consider charts for educational purposes..
Hindalco Long OpportunityHindalco can buy from given level for short term Investment
We can also do F&O trading.
Trading or Investment at your own risk.
HINDALCOHindalco made rounding bottom formation pattern on 30 min TF with good volumes & trading above neckline.
Could be bought with mentioned stoploss & target.
hindalco maybe longThere is a trendline in daily which has to be retested before going long.
it has gapped up with force where buyer should dominate.
moving averages are in favor of going long.
Hindalco Strong price behaviour and a pending gap between 502 - 512 , a good buy above 491 on strong closing basis with high volume with 5- 6 points as SL for target of 502 & 512. The price can also see a minor correction, Risk is manageable with good calculated trading approach. Trade wisely,
Good luck, Jai Hind.
HIndalco day chartHindalco is showing a good stregnth but this stock is in the pattern in upper and sown there is trendline resistance We have to consider this trendline before taking trades
Hindalco Looks bullishClassic pole flag pattern + kicker pattern on daily chart ....swing low sl and upside 500 +
Hindalco Intraday ViewHINDALCO Intraday view for tomorrow.
It has formed a good chart pattern expecting a breakout soon
Buy at breakout of trendline or at 455 at bottom
477 first target & keep a watch on 480 which is a resistance if it successfully breakout and sustain above this we will see good momentum.
You can take a swing trade as well.
There is good confluence comment below if you spotted the confluence.
If you have any queries comment below.
Happy Trading!
HIndalco Hindalco Industries Ltd. is a flagship company of the Aditya Birla Group. The Co and its subsidiaries are primarily engaged in the production of Aluminium and Copper. It is also
engaged in the manufacturing of aluminium sheet, extrusion and light gauge products for use in packaging markets like beverage and food, can and foil products, etc.
Breakout above 463 / DCB , will give target of 500 and 550
Strict SL 430 / 425
Market Cap
₹ 103,618 Cr.
Stock P/E
7.48
Book Value
₹ 404
ROCE
16.2 %
ROE
18.5 %
Promoter holding
34.6 %
EPS last year
₹ 61.1
EPS latest quarter
₹ 9.81
Debt
₹ 67,667 Cr.
Pledged percentage
0.00 %
Net CF
₹ 3,300 Cr.
Price to Cash Flow
6.15
Free Cash Flow
₹ 11,483 Cr.
Debt to equity
0.74
Volume
6,753,620
OPM last year
14.3 %
OPM 5Year
12.6 %
Reserves
₹ 90,662 Cr.
Price to book value
1.14
Int Coverage
6.66
PEG Ratio
0.16
Buy HindalcoHindalco has given a breakout .
Its look like some cup and handle breakout with retest too.
Huge volume on Breatout Candle .
Coming Resistance are weak
