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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 2024-03-20 View latest technical analysis

10 day averaged volume of Hindalco Industries is 6343930

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	527.85	533.00	535.50	516.35	0.789 times
19 Tue Mar 2024	533.65	532.00	539.75	529.25	1.122 times
18 Mon Mar 2024	531.15	532.00	535.55	527.00	0.675 times
15 Fri Mar 2024	532.55	522.00	534.05	517.50	1.335 times
14 Thu Mar 2024	525.25	512.00	526.35	507.00	1.631 times
13 Wed Mar 2024	507.00	529.35	530.00	501.20	0.9 times
12 Tue Mar 2024	528.95	533.10	536.85	525.30	0.584 times
11 Mon Mar 2024	533.70	540.00	543.25	532.10	0.871 times
07 Thu Mar 2024	536.70	530.80	540.85	529.25	1.247 times
06 Wed Mar 2024	526.95	522.05	527.90	513.95	0.731 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 532.1 as stoploss in an intra day sell trade for a target of 521.76. However, stock will show a bullish move above 532.1.

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	539.75
Upside Target	540.85
Upside Target	543.25
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	516.22
Downside Intraday Target	504.58
Upside Intraday Target	539.62
Upside Intraday Target	551.38
Upside Intraday Target	527.98

Weekly technical analysis of Hindalco Industries (HINDALCO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	527.85	532.00	539.75	516.35	0.486 times
15 Fri Mar 2024	532.55	540.00	543.25	501.20	1.391 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

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
20 Wed Mar 2024	527.85	510.00	543.25	501.20	0.389 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 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 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 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 SELL. Signal strength is Strong 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 tired and bears are picking up momentum.

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 SELL signal for Hindalco Industries in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 528.67 and Hindalco Industries (HINDALCO) stock is trading below this level. This means that stock is falling with high volumes. 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.