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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 2024-03-22 View latest technical analysis

10 day averaged volume of Hindalco Industries is 6687255

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	547.75	539.70	550.65	537.35	0.825 times
21 Thu Mar 2024	539.70	538.40	545.75	534.25	1.315 times
20 Wed Mar 2024	527.85	533.00	535.50	516.35	0.748 times
19 Tue Mar 2024	533.65	532.00	539.75	529.25	1.065 times
18 Mon Mar 2024	531.15	532.00	535.55	527.00	0.64 times
15 Fri Mar 2024	532.55	522.00	534.05	517.50	1.266 times
14 Thu Mar 2024	525.25	512.00	526.35	507.00	1.548 times
13 Wed Mar 2024	507.00	529.35	530.00	501.20	0.854 times
12 Tue Mar 2024	528.95	533.10	536.85	525.30	0.554 times
11 Mon Mar 2024	533.70	540.00	543.25	532.10	0.827 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 551.1, for a target of 536.4 or 524.16

Share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Target	456.00
Downside Target	496.35
Downside Target	537.60
Downside Target	538.00
Downside Target	540.85
Downside Target	543.25
Upside Target	550.65
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	525.85
Downside Intraday Target	503.95
Upside Intraday Target	560.15
Upside Intraday Target	572.55
Downside Intraday Target	538.25

Weekly technical analysis of Hindalco Industries (HINDALCO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	547.75	532.00	550.65	516.35	0.91 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 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
22 Fri Mar 2024	547.75	510.00	550.65	501.20	0.455 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Hindalco Industries stock for short term is BUY. Signal strength is Weak and stock is losing 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 moving up

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 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 530.95 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.