Hindalco Hindalco made a quick retest of 496 which was a important QM Level on weekly chart and has shown reversal on LTF. Time to go long with
T1 - 625
T2 - 712
T3 - 835
HINDALCO
HINDALCO : Position initiated with 1% riskTook 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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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.
Hindalco – Daily Chart Technical OutlookHindalco – Daily Chart Technical Outlook
The stock has confirmed a neckline breakout on the daily timeframe, followed by a clean retest, validating the breakout structure.
Post-retest, price action has developed a W-bottom formation with a tight box consolidation, indicating accumulation near higher levels.
Currently, Hindalco is attempting to clear the supply zone at ₹720, which has historically acted as a strong resistance.
The latest daily candle is forming an inside bar (₹697–₹719 range), reflecting contraction in volatility – typically a precursor to an impulsive move.
A sustained close above ₹720–₹725 will strengthen the bullish momentum and open the gates for a fresh leg higher towards uncharted zones / new highs.
Immediate support is placed at ₹695–700; as long as this zone holds, the structure remains constructive.
📌 Takeaway:
Hindalco is showing a classic breakout–retest–consolidation setup. A decisive move above ₹725 will likely trigger a trend continuation, while failure to hold ₹695 could delay the breakout.
Hindalco-Bullish Swing- Very good signs of bullish momentum!
Buy above 644.05
Risk reward- 01:01
Target & Stoploss- 4.3%
1.Inside bar breakout found with bullish engulfing after forming 3 green soldiers- Good signs of momentum
2.Price has formed double bottom and hammer before reversal
3.Rejection from 0.318 Fibonacci level
4.Resistance turned to support after breakout with retesting
5.Reacted at support from RSI level
6.Very good fair value gap covered and rejected from FVG
7. 21 EMA cross over for reversal confirmation
8. Previous green candles strength are very good
HINDALCONSE:HINDALCO
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Hindalco (NSE - India) Elliot Wave AnaysisThe Stock has almost completed the 4th Wave correction and preparing for the 5th wave which can be a potential trade.
Hindalco Industries- Bullish swing- Real movement may begin now! NSE:HINDALCO
09.10.2024
Buy-Above 728
Target 01-770
Target 02-794
Stop Loss-707
Risk Reward- 1:2
1.Doji and followed by engulfing candle stick formation
2.Side ways breakout and retracement found
3.Resistance turned to support level reaction
4.Upside movement volumes are more compared to downside.
Tomorrow volumes are crucial for further movement
5. Price crossed above 21 EMA.
6. RSI taken support in bullish zone
7. Reversal signals found at 0.382 Fibonacci level
8. Metal sector is in focus due to increased demand
Crossover Swing + Breakout Trade - HINDALCO📊 Script: HINDALCO
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminum Products
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 Script is giving Cup & handle Pattern Breakout on daily chart.
📈 Already crossover in MACD.
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 717
🟢 Target 🎯🏆 - 810
⚠️ Stoploss ☠️🚫 - 672
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Hindalco Nearing Bullish BreakoutHindalco Industries Ltd is currently in a consolidation phase and approaching a potential bullish breakout. Key levels include Resistance 1 at 687 and Strong Resistance at 709. A decisive move is anticipated soon.
HindalcoOn a new trend, Hindalco is set to go for new targets
Target 1 - 835
Target 2 - 960
Target 3 - 1160
HINDALCO IS VERY BULLISH IN DAILY AND WEEKLY CHARTNSE:HINDALCO
Hindalco is very bullish in daily and weekly chart.
buy 650 - 675
Sl 580
Target 930+
time duration 1-2 month
Right time to book profit in Hindalco
I think it is right time to book profit in Hindalco or take fresh short position. After 26% upside from last low, it is giving signals of exhaustion. Should we take short position tomorrow?
Just A View - Gap Fill - HINDALCO📊 Script: HINDALCO
📊 Nifty50 Stock: YES
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminums Products
Key highlights: 💡⚡
📈 There was a huge gap down on 13th Feb so, Script may fill the gap.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 558
🟢 Target 🎯🏆 - 593
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
HINDALCO--DemandZoneThis stock price is now near its demand zone.
A strong fall is noticed from the resistance zone @620.
on bottom side we have also trendline pushing the price upwards and acting as support.
Find long oppurtunities in this stock from trendline or demand area.
HINDALCO 20% UPSIDE TARGETHindalco Stock looks good for a 20%+ Upside target, this stock currently moving in a ascending tringle, if it breaks we see a bullish momentum continue to its ATH.
HINDALCO - LONG TERM ANALYSISHINDALCO is moving in a SYMMETRICAL TRIANGLE
A good opportunity in HINDALCO either we for long / short by seeing the break out accordingly...
For the time being wait and watch.
Follow the levels, I have given above chart
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
HAPPY TRADING GUYS
HINDALCO--@Resistance Zone??this stock is trendling Upwards..
now the price is at Resistance Zone...
if it failed to break the resistance it will continue its fall,
on bottomside trendline is acting as a support.
keep in long side as long as price is above the trendline..
On top side after a strong fall price is going to test the resistance, so keep looking for short from this zone.
Now at resistance, multiple times it is rejected from this resistance, this time if this breaks it will reach the resistance zone at 580 levels.
Trade safe...
#HINDCOPPER #HINDZINC #NIFTYMETAL #TATASTEEL #CNXMETAL #HINDALCO#HINDCOPPER
NSE:HINDCOPPER
CMP: 116.75
TP: 137 // 157
SL: 101
TF: <6m
RR > ~2.7 times
Return > ~34%
SAIL
HINDCOPPER HINDZINC NIFTYMETAL TATASTEEL CNXMETAL HINDALCO JSWSTEEL NATIONALUM JINDALSAW JINDALSTEL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
HINDALCO--Enters in Daily Resistance Zone??Price is now enters into the daily resistance zone,wait for the price to be bearish
after a strong bullsihness price is facing resistance.
the area of value at 470 price may push it upside again...so keep looking for short side...
HINDALCO - A stock to watchThe stock has been making Higher Highs and Higher low from the recent low. Now attempting to take out the previous rejection Zone. Good support in terms of Relative strength, Money Flow and buying Pressure. Also showing positive Strength. Above the short and long term moving averages in both daily and weekly. The Metal index is also supporting in terms of bullishness. A close close above 454 will take it higher and will test 500+ levels.
Hindalco Triangle Pattern BreakoutBuy Hindalco if the Price sustains above Rs. 440. Pattern Breakout plus a confirmaton has been given above the Resistance line.
Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
HINDALCO--Channel Breakout or Breakdown ?? this stock is trading in a range...
from several days....wait for the breakout or breakdown...keep add in your watchlist...
if again continue its movement towards upside from the channel or break....
if it moves upside we have resistance @445-450 zone...support is located @400 zone...
Hindalco looking to hold ground and nudge ahead.Hindalco Industries Ltd. is the metals flagship company of Aditya Birla Group. It’s major operations include resource mining, Alumina refining, Aluminum smelting, Copper smelting etc. Hindalco ranks among the global aluminum majors as an integrated producer and footprint in 9 other countries.
Hindalco Industries CMP is 427.85. Negative aspects of the company are declining annual net profits, declining cash from operations annual and MFs are decreasing stake. Positive aspects of the company are no debt, FIIs are increasing stake and zero promoter pledge.
Entry after closing above 437. Targets will be 449 and 461. Long term targets in the stock will be 483 and 504. Stop loss in the stock should be maintained at closing below 381.
