HINDALCO trade ideas
RESISTANCE BREAKOUT - HINDALCO HINDALCO is trading at decent Level.
it has given breakout around 377.
RSI is trading above 50 which is around 60.
one can go for swing trade long for HINDALCO.
buy between 377 - 385
Target - 428
Stoploss - 354
BUY Hindalco at current levels of 360-363 for a Target of Rs.405Dear traders greetings.
The Hindalco Industries on its Weekly Charts is crossing the RSI-40 from below and entering the Sideways zone. It translates that on its 3-Hour Chart it has already crossed the RSI-60 levels and entered into the BULLISH Zone. So, I assume that as long as it holds on these current levels and closes positive today, It is expected to make a nice Up Move by the end of this week and reach the Target of Rs.405/-. The Target has been calculated assuming the reverse move (the Mirror Image) of the Biggest Falling Candle's height that occurred during recent weeks.
So, I think it can be a best buy at the current levels of Rs.360-363, for the Target of Rs. 405 in a week or so. and the Stoploss is Rs.349/-
Disclaimer :-
The trade idea(s) above mentioned is the outcome of my research and personal view and opinion. It is solely meant for the educational purpose. Trading or Investing in the stock markets involve huge risk of losing capital (partial or complete capital). So, please take an advise from a Certified Financial Adviser before taking any decision about Trading or Investing.
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the given support level then we will enter in trade.......
Hindalco Long - For educational and learning purposePlease consider this post for learning.
Managing risk and money management is more important than setup.
channel for informative and educational purpose onlychannel for informative and educational purpose only
Hindalco channelHindalco on Daily as well as 2 hrs charts moving and making a channel pattern, at every end of the channel is making strong green candles and continuous bullish candlestic patterns such as hammer and morning star.
but as the trend is concerned their is a big resistance on the upside which may force it down and change the pattern to bearish flag. therefore wait for the upside till it breach 362- 365 levels.
RSI well placed near 45 - 50 levels, global cues will also reflect the fundamentals of the chart.
following above mid band of bollinger, positive in it as well once but wait for the levels, looks will outperform in coming days and weeks.
Disclaimer : views are personal please take advise from your adviser before entering the stock.
HINDALCO Buy for intraday tradingHINDALCO Buy for intraday trading if stock break the given resistance level.......
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the given support level then we will short the stock..........
#hindalco #nsestocks for deliveryHindalco coming to support zone take bullish candle at support and enter for delivery.
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the given support level.........
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the given support zone..........
swing trade in hindalco hindalco industry making triangle pattern in daily time frame so at trend line support and wait for the breakout
long $HINDALCOnice long setup here in Hindalco. great r/r. set a stop under monthly lows and ride price back to ATHs.
hindalcoi think all metal stocks looking posotive for short term ....rsi positive so go long ............
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the given support zone,............
HINDALCO 25% move upside EXPECTED
CONVICTIONS
1. Double bottom pattern
2. RSI divergence
3. Long support
NSE:HINDALCO
HINDALCO sell for intraday tradingHINDALCO sell for intraday trading if stock break the given support zone,..........
Hindalco Long buyOne can see a perfect W pattern in Hindalco. Wait for the break out and we may see a good rally in Hindalco. Today Q4 results will also get published for it.
Disclaimer: This is just for information and education purpose and not any kind of investment or trading advise. Consult with your financial advisor before making any investments.
Falling pricesDue to the structure of Neo View, we are reforming and we expect the price reform to be within the Fibonacci range.
