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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 2024-05-17 View latest technical analysis

10 day averaged volume of Hindalco Industries is 7761942

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	655.45	653.00	658.80	650.40	0.648 times
16 Thu May 2024	653.35	660.00	666.00	643.25	1.131 times
15 Wed May 2024	653.70	653.00	659.00	648.70	0.871 times
14 Tue May 2024	646.65	644.35	649.50	638.20	1.074 times
13 Mon May 2024	633.50	625.10	636.15	614.30	0.462 times
10 Fri May 2024	625.60	620.10	629.55	618.00	0.562 times
09 Thu May 2024	619.40	634.00	637.75	615.00	0.849 times
08 Wed May 2024	633.50	615.10	634.45	615.10	0.99 times
07 Tue May 2024	620.20	646.90	646.90	611.75	1.39 times
06 Mon May 2024	638.80	650.00	655.00	629.30	1.301 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 650.8, but if it comes below 650.8, then a intra day sell could be more profitable.
If you take a sell trade below 650.8, then use 650.8 as stoploss and 637.02 as target. However if you take a buy trade in stock , then use 650.8 as stoploss and 667.3 as target.

Share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Target	496.35
Downside Target	537.60
Downside Target	561.55
Downside Target	600.70
Downside Target	625.40
Downside Target	628.65
Downside Target	655.00
Downside Target	655.40
Upside Target	661.60
Upside Target	666.00

Intraday share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Intraday Target	624.5
Downside Intraday Target	593.55
Upside Intraday Target	676.2
Upside Intraday Target	696.95
Downside Intraday Target	645.25

Weekly technical analysis of Hindalco Industries (HINDALCO)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	655.45	625.10	666.00	614.30	0.822 times
10 Fri May 2024	625.60	650.00	655.00	611.75	1.054 times
03 Fri May 2024	647.10	654.95	655.40	628.65	0.855 times
26 Fri Apr 2024	649.30	620.65	661.60	608.70	0.81 times
19 Fri Apr 2024	614.75	615.00	625.40	600.70	1.395 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
17 Fri May 2024	655.45	635.90	666.00	611.75	0.57 times
30 Tue Apr 2024	644.40	570.00	661.60	561.55	1.468 times
28 Thu Mar 2024	560.25	510.00	566.65	501.20	0.55 times
29 Thu Feb 2024	503.85	578.00	608.95	496.35	2.008 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 neutral. A longer time frame might give a better analysis.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Hindalco Industries in short term but the sell 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 green color and prices are above the green 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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 637.85 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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