Hindalco - Probability of Crab PatternHindalco daily chart has got a probability of Crab Pattern.
Sustaining above 250 levels, chances are high, that It will movards 272 and above..
HINDALCO trade ideas
Hindalco: U-Turn?Price formed a double top pattern at major resistance level (on monthly charts). At retest of the support, price has formed a Gravestone Doji followed by Bearish Engulfing (on daily charts) both of which are negative signals. Since past 2 years corrections have been triggered from the month of January, again this cycle may be repeated
Hindalco - Intraday Trade SetupHindalco CMP - 241
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell At or Below 240 / Stop Loss 245
Target 1 - 237
Target 2 - 234
Target 3 - 232
Disclaimer: This is my view and for educational purpose only.
Go short if open flat or almost flat and cross level1) If open flat or almost flat and broke this support level. Go for short
2) If breaks above trendline, Go long for target 255
Go short if cross levelHigh Volume in Green candles if wedge fails and it move above 244 then go for long else go short below 239
Hindalco - Triple test of 221 and break outHindalco 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.
Hindalco - Bullish FlagHindalco has bullish flag and a major support at 175.75 , Can be bough at cmp or wait to break 180 resistance. Targets on chart.
HINDALCO - Elliott wave analysis - Go short on bounce HINDALCO - It dropped in A wave impulse cycle, so wait for B wave bounce up to 175-181 zone. Sell in that zone with stop loss above 187.75 for target below 160 or lower.
Give thumbs up if you really like the trade idea.
HINDALCO Bull caseHi 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
HINDALCO - Elliott wave analysis - buy set upHINDALCO - It is in ABC zigzag cycle from last bottom as shown in the chart from last bottom, where 4th wave of C wave is in progress and may finish soon. Go long with stops below 179.50 for target above 188 or higher as medium odd trade set up with small quantity.
Give thumbs up if you really like the trade idea.
HINDALCO close to resistanceHi 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
Hindalco - Intraday Trade SetupHindalco CMP – 173.25
Looking bullish. One can go for Intraday trade with the following entry, exit & targets
Buy ONLY above 175 - 176.55 / Stop Loss 168
Target 1 - 178
Target 2 - 180
Target 3 – 185
Note: This is my view and for educational purpose only
Hindalco - Intraday Trade SetupHindalco – 170
Looking bearish. One can go for Intraday / Swing trade with the following entry, exit & targets
Sell range 172 - 168 / Stop Loss 176
Target 1 - 165
Target 2 - 162.50
Target 3 – 160 / 158
Note: This is my view and for educational purpose only
