Took a position in Hindalco with a 1% risk allocation. With be targeting a 1rr move. The target may be adjusted depending on the overall market behaviour and price action in the coming days.
The stock has given a clean breakout and closed above its previous all-time high, following a well-defined basing formation. Volume activity shows contraction during the basing phase and expansion during the breakout, suggesting institutional participation. While the expansion is not highly explosive, there is a noticeable rise in activity during the breakout candle formation, confirming strength in the move.
From a fundamental perspective, Hindalco has maintained consistent growth in both EPS and Sales across the last few quarters, barring the recent June quarter which showed a temporary decline in line with broader market weakness. The data shows a clear upward trajectory overall.
Operational performance remains solid, with both ROE and OPM holding steady, reflecting healthy margins and efficient capital utilisation.
The broader market context also supports this bias. Nifty has regained strength after a brief dip below its EMA levels and is now trending upward with clear momentum. The index structure indicates a continuation bias, favouring long setups in fundamentally strong stocks.
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Disclaimer : The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
The stock has given a clean breakout and closed above its previous all-time high, following a well-defined basing formation. Volume activity shows contraction during the basing phase and expansion during the breakout, suggesting institutional participation. While the expansion is not highly explosive, there is a noticeable rise in activity during the breakout candle formation, confirming strength in the move.
From a fundamental perspective, Hindalco has maintained consistent growth in both EPS and Sales across the last few quarters, barring the recent June quarter which showed a temporary decline in line with broader market weakness. The data shows a clear upward trajectory overall.
Operational performance remains solid, with both ROE and OPM holding steady, reflecting healthy margins and efficient capital utilisation.
The broader market context also supports this bias. Nifty has regained strength after a brief dip below its EMA levels and is now trending upward with clear momentum. The index structure indicates a continuation bias, favouring long setups in fundamentally strong stocks.
📢📢📢
If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer : The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.