Here are a few stocks that could be good candidates for long positions with a swing/positional view for the first week of 2022. What are your favourite picks?
On daily timeframe Hindalco is taking support on Trendline and on 100 Ema. Go long with STOPLOSS of 445
Looking good for swing If #HINDALCO sustains above 474. Expected Targets: 485, 500, 520 SL: 445. this is not a recommendation, this is just a personal view.
Bullish View 490 above Breakout Target 525, 548 SL : 465 Risk is yours and Reward is too yours totally
1. now RSI 40 support zone 2. breakout test done 3. monthly time frame/weekly time frame its bullish
1 RSI super bullish 2. all time frame breakout done on falling wedge.
Today Hindalco made 52-Weeks High on strong buying. Lets wait for profit booking if happens else Buy Hindalco above Today's High price when ever it crosses Today's High with SL as Today's Low Price. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only....
Hindalco Has Made Very Good Recovery And Is Preparing To Bounce Back
HINDALCO Buy Opportunity Entry: 475 SL: 468 TG1: 500 TG2: 520
The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby. Risk Reward Ratio - 1:1 SL is placed below support zone & the lower trendline. The target is placed near all time high.
NSE:HINDALCO [/symbol On weekly chart of Hindalco after a good bearish candle we are now seeing good efforts by bulls to stop selling and pushing the prices up from support level of 407. from here onwards HINDALCO will continue its up trend as chart is already sowing up trend. and higher highs and higher lows formations.
Breaking the support level and channel pattren shows week price movement. Wait for pull back and short after it again touch same level for the free fall.This my anlysis only for educational purpose please do your own research before any action.
As per the trendline and the last candle is bear candle so according to my knowledge it will reverse its trend as bear for sometime.
Hindalco has been creating a New channel pattern expanding its range from 29 Jul 2021. This simple idea aims to use this channel current low as a opportunity to enter and obtain a short term target of Rs. 425 ( Maybe even bigger if breakout happens). Risk involved is the stock price may breakdown the channel bottom and then bounce back. If by any chance the stock...
The stock has broken out and retested but the presence of a support around Rs.426 provides an opportunity to enter lower. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 4:1 SL is placed below support zone. The target is placed near swing high.