Hindalco has been testing 221 for the past few quarters and has broken out of it today finally. A rally from 80-220 that is 160 points. I would consider a 160 points rally from here as well in the next few quarters. For short term looking at 260-280 range.
Hi Friends, METAL SECTOR IS BRAKING TO THE UPSIDE. Hindalco is braking the short term down trend line, so by keeping the stop loss @ 167 one can enter the script. Your humble trader, Kiran
Hi Friends, I love Trend following stocks. Weather it might be UPTREND or DOWN TREND. BECAUSE i believe in saying '' TREND IS YOUR FRIEND '' One of few stocks which follow the trend clearly is HINDALCO. It started Down trend and our aim to get profit from it. So sell at the resistance with tight stop loss. Your humble trader Kiran
Double Tip Formation at 181-182 zone Neckline at 172-171 spot zone Below 171 Target 166-160
Hindaloco is lying on the resistance level
Intraday Cash Sell HINDALCO @163.5-164.70 SL 167.4 TGT 157.4 Support is 162.9 once break can see more downside. Tk cross over so sell from any rise. RSI -> Neutral MACD-> bearish Moving average -> Bearish
HINDALCO INDUSTRIES EXPECTED TO FALL UPTO 145 AND MORE IF MARKET SUPPORTS IT LOOK AT THE CHART FOR BETTER UNDERSTANDING
Hindalco 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
It is hovering at the pre pandemic resistance levels. Resistance at 202 has been tested once and rejected at the breakout level. In my opinion it may test the resistance one more time before the breakout happens. If this follows the lower trend line in my opinion the breakout is certain around the last week of september 2020. If during now and sep last week its...
Hindalco looks good at current price of 194, Target 202-204 SL 188 RSI showing positive indication and going up
We can trade Hindalco for indraday because it has Narrow CPR on 17-Aug-2020 . You can Buy near CPR if it's trade above CPR or Sell if it's trade below CPR and Book profit near R1, S1 or trailing for more profits R1 - 189.40 CPR- 185.0 S1 - 180.40
HINDALCO Weekly/Daily supply zone 185.4-199.2 pro: 1.Daily 3 exciting candles from the zone 2. level over level cons: 1. 240/120 does not have good structure 2. MEtal is trending now, so be catious even it may react from weekly supply. So, take confirmation entry cmp_182.4 . its reacting from the supply zone 11Aug2020
Hindalco is at the edge of breakout or reversal... will go long if it crosses
Price Is In Demand Zone . Swing Retraced 0.618 And Taking Support . Buy Above 161 Sl :- 154 , 151.5 Target :- 167 , 180
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