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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 2024-03-11 View latest technical analysis

10 day averaged volume of Hindalco Industries is 7038656

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	533.70	540.00	543.25	532.10	0.785 times
07 Thu Mar 2024	536.70	530.80	540.85	529.25	1.124 times
06 Wed Mar 2024	526.95	522.05	527.90	513.95	0.659 times
05 Tue Mar 2024	522.10	524.00	528.30	520.20	0.814 times
04 Mon Mar 2024	524.95	524.00	529.85	520.05	0.851 times
02 Sat Mar 2024	522.85	523.00	524.00	518.00	0.089 times
01 Fri Mar 2024	519.10	510.00	522.50	510.00	1.404 times
29 Thu Feb 2024	503.85	506.50	508.00	499.00	2.395 times
28 Wed Feb 2024	504.40	512.50	514.45	501.75	0.626 times
27 Tue Feb 2024	509.65	505.50	512.20	504.70	0.958 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 536.6, for a target of 525.7 or 516.57

Share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Target	456.00
Downside Target	496.35
Upside Target	537.60
Upside Target	538.00
Upside Target	540.85
Upside Target	543.25
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	529.45
Downside Intraday Target	525.2
Upside Intraday Target	540.6
Upside Intraday Target	547.5
Upside Intraday Target	536.35

Weekly technical analysis of Hindalco Industries (HINDALCO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	533.70	540.00	543.25	532.10	0.228 times
07 Thu Mar 2024	536.70	524.00	540.85	513.95	0.526 times
02 Sat Mar 2024	522.85	519.40	524.00	499.00	1.047 times
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

Price has moved down 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
11 Mon Mar 2024	533.70	510.00	543.25	510.00	0.185 times
29 Thu Feb 2024	503.85	578.00	608.95	496.35	2.008 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

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 mid to longer 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.

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

MACD generated a BUY signal for Hindalco Industries in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Hindalco Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Hindalco Industries in short term and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL 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 518.01 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 rising upwards.

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 is giving positive 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.