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(HINDALCO) Hindalco Industries complete technical analysis [charts+indicators] | Buy/Sell Hindalco Industries | (HINDALCO) share price targets

Complete technical analysis of Hindalco Industries (HINDALCO) by charts plus indicators, forecast predictions and share price targets for Hindalco Industries (HINDALCO)

Hindalco Industries trades in NSE in Aluminium sector.

Showing technical analysis as on 2024-02-23 View latest technical analysis

10 day averaged volume of Hindalco Industries is 13540802

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	518.35	524.70	524.80	517.00	0.476 times
22 Thu Feb 2024	521.15	516.30	522.15	514.25	0.645 times
21 Wed Feb 2024	511.80	535.00	538.00	510.00	1.337 times
20 Tue Feb 2024	511.60	512.60	515.90	507.15	0.383 times
19 Mon Feb 2024	512.30	518.75	518.90	511.80	0.412 times
16 Fri Feb 2024	515.70	519.95	519.95	510.95	0.891 times
15 Thu Feb 2024	513.20	512.70	518.50	507.60	0.982 times
14 Wed Feb 2024	507.80	515.00	516.90	503.15	1.228 times
13 Tue Feb 2024	510.10	539.00	540.00	496.35	3.405 times
12 Mon Feb 2024	582.45	591.90	601.80	579.75	0.339 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 516.3 as stoploss in an intra day buy trade for a target of 551.27. However, stock will show a bearish move below 516.3.

Share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Target	448.75
Downside Target	494.80
Downside Target	507.15
Upside Target	537.60
Upside Target	562.00
Upside Target	570.00
Upside Target	589.00
Upside Target	601.80
Upside Target	608.95
Upside Target	618.00
Upside Target	620.50

Intraday share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Intraday Target	504.33
Downside Intraday Target	490.32
Upside Intraday Target	535.18
Upside Intraday Target	552.02
Upside Intraday Target	521.17

Weekly technical analysis of Hindalco Industries (HINDALCO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	518.35	518.75	538.00	507.15	0.475 times
16 Fri Feb 2024	515.70	591.90	601.80	496.35	2.629 times
09 Fri Feb 2024	591.30	583.50	608.95	569.25	1.2 times
02 Fri Feb 2024	583.50	568.00	589.00	562.00	1.259 times
25 Thu Jan 2024	567.20	561.00	570.00	537.60	1 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Hindalco Industries (HINDALCO)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	518.35	578.00	608.95	496.35	1.681 times
31 Wed Jan 2024	579.35	614.50	620.50	537.60	0.912 times
29 Fri Dec 2023	614.85	520.05	618.00	514.00	1.068 times
30 Thu Nov 2023	515.65	458.50	523.35	456.00	1.041 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Hindalco Industries (HINDALCO)

Price action analysis of Hindalco Industries ( (HINDALCO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Hindalco Industries ( (HINDALCO) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Hindalco Industries ( (HINDALCO) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Hindalco Industries stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Hindalco Industries in short term and the sell signal is strong.

Hindalco Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Hindalco Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Hindalco Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 514.51 and Hindalco Industries (HINDALCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Hindalco Industries (HINDALCO) stock. Volume based technical analysis of Hindalco Industries (HINDALCO) stock is negative.

Hindalco Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.