Risk:Reward = 1:5Hindalco Fut break out of ascending triangle patern on an hourly charts with decent OI addition suggesting long build up.
Risk:Reward = 1:5
Could b bought with mentioned stoploss & target.
HINCALCO almost SLplanned the reade in gap down outside the zone in 15 min, but it was still within 75 min consolidation range, price may fluactuate around these upper and loer ranges levels.
IT was not a appropritate trade paln innt that way.
More over price touched in that gap down , and came down all of asudden
HINDALCO1!01-12
Daily chart of HINDALCO1!
LTP: 465.60
The pattern looks like the bullish ascending triangle.
The supports are at 426.90 (200 EMA) and 424.65 (manual).
Candles holding strong above 200 EMA is a bullish signal.
I have gone long for short term trade
Hindalco1!28-11
Daily chart of Hindalco1!
LTP: 433.10
The candles have respected the resisting trendline (manual)
The candles have respected the resistance at 442.30 (manual)
If the weakness carries, the candles might break the support at 426.10 (200 EMA) and head towards the support at 358 (manual)
I bough
Hindalco tested breakout level1. now RSI 40 support zone
2. breakout test done
3. monthly time frame/weekly time frame its bullish
HINDALCO BULLISH IDEAHINDALCO FUTURES GOOD FOR LONG ABOVE 383
TREND LINE BROKEN
STOCK WAS IN DOWNTREND NOW TIME FOR A PULL BACK
TRADES ON THE CHART
Long Hindalco -Strong Weekly and Monthly momentum Suggested by RSI above 60
Breakout in Price Supported by:
a) High Volume
b) Breakout in Daily RSI
c) Relative Outperformance to Broad Market (CNX500)
d) Leading Market Sector
1. Enter Long 402.25
2. Initial stop loss below 386 on closing basis in hourly timefr
HINDALCO shortHindalco is a classical trading stock. It follows very clear trend, weather it is uptrend or down trend.
Here Hindalco clearly shows the trend reversal.
Shorting at 185 level is good entry point.
Stop loss will be 190 level.
Look at your own risk.
Your humble trader
Kiran
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Frequently Asked Questions
The current price of HINDALCO INDS FUTURES is 625.50 INR — it has risen 0.13% in the past 24 hours. Watch HINDALCO INDS FUTURES price in more detail on the chart.
The volume of HINDALCO INDS FUTURES is 5.10 M. Track more important stats on the HINDALCO INDS FUTURES chart.
The nearest expiration date for HINDALCO INDS FUTURES is Jan 30, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell HINDALCO INDS FUTURES before Jan 30, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For HINDALCO INDS FUTURES this number is 40.80 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for HINDALCO INDS FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for HINDALCO INDS FUTURES. Today its technical rating is strong sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of HINDALCO INDS FUTURES technicals for a more comprehensive analysis.