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HINDA trade ideas

Price Breaks Resistance Line and OBVMACD Bullish: HINDALCOFirst things first: what exactly is a resistance line? Simply put, it's a horizontal line on a stock's price chart that represents the highest price at which the stock has been sold during a given time period. This line serves as a psychological barrier for many investors, who often view it as a threshold that cannot be crossed without incurring significant losses. But what happens when a stock finally manages to break through this resistance line? Suddenly, the floodgates open and investors begin pouring money into the stock, driving up its price and potentially leading to huge gains. This is precisely why price breaking resistance lines is such a big deal - it can represent a major turning point in a stock's performance and can give you the opportunity to capitalize on its growth.
NSE:HINDALCOLong
by stocktechbot
HINDALCO : Closed position and expecting a reversal moveI took my first position on Feb 17th, 2023. I then added to it on April 3rd and May 25th. The total holdings in the stock summed up to around 2.5% of the capital, and I held the stock for over 6 months. Technically, I am expecting a reversal move and have therefore decided to book the profit. I don't have much insight into the potential of the aluminum sector going forward as of now. Hence, I don't think it's a wise idea to hold onto the stock at this technical level, given my limited awareness of the fundamentals. The total amount invested in the stock was also high according to my trade plan. I have booked a profit of 11.20%, which is a satisfactory return for holding the stock for 6 months. I will delve deeper into the fundamentals of the sector as well as the stock and will consider re-entry at cheaper valuations if the opportunity presents itself.
NSE:HINDALCO
by Sniper-Traders
Hindalco Simple Trend Analysis BullishThis is just a Simple Trend Analysis of $NSE:HINDALCO. On this chart, the price has already created a HH and HL, which is a signal of an uptrend. Apart from that, a Descending Channel breakout is also visible in this chart, whose bias is bullish, hence expecting the price to go up and make another HH. Also, in the past, the Price has reacted from a Zone; hence expecting it to go up soon by breaking out from the current consolidation. The Short Term Target could be 465 - 470.
NSE:HINDALCOLong
by priceissupreme
Hindalco Industries LtdTarget and Stoploss Mentioned in chart Market Cap ₹ 1,04,025 Cr. Current Price ₹ 463 Stock P/E 10.3 Book Value ₹ 422 Dividend Yield 0.66 % ROCE 11.1 % ROE 11.6 % Face Value ₹ 1.00 Promoter holding 34.6 % EPS last year ₹ 44.9 EPS latest quarter ₹ 10.7 Debt ₹ 65,926 Cr. Pledged percentage 0.00 % Net CF ₹ 742 Cr. Price to Cash Flow 5.41 Free Cash Flow ₹ 9,466 Cr. Debt to equity 0.70 OPM last year 10.2 % OPM 5Year 12.0 % Reserves ₹ 94,584 Cr. Price to book value 1.10 Int Coverage 4.62 PEG Ratio 0.65 Price to Sales 0.47
NSE:HINDALCOLong
by madhu2811
HINDALCO INDUSTRIES LTD.,Hindalco Chart is quite strong with Bullish View at CMP 449.00 Patterns are drawn on Daily Chart and as usual complex drawing is presented. However for better clarity, part of the chart is published for your thorough understanding. Target as follows: Tgt: 463.50 (Daily Chart Basis) SL: 444 (Closing Basis) Market is all about OPPORTUNITY / ENTRY / TIMING !!!!! Basis some minute observations, chart analysis is made, target and SL is given to understand the core of the subject for learning purpose only.
NSE:HINDALCOLong
by Coral_Scorpio-1