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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 2024-05-24 View latest technical analysis

10 day averaged volume of Hindalco Industries is 7105659

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri May 2024	673.25	679.25	690.45	671.05	2.242 times
23 Thu May 2024	676.80	675.15	678.55	665.95	1.372 times
22 Wed May 2024	684.55	698.55	698.70	677.40	1.126 times
21 Tue May 2024	693.60	666.30	695.40	663.20	2.248 times
18 Sat May 2024	660.35	662.00	662.90	657.50	0.066 times
17 Fri May 2024	655.45	653.00	658.80	650.40	0.707 times
16 Thu May 2024	653.35	660.00	666.00	643.25	1.236 times
15 Wed May 2024	653.70	653.00	659.00	648.70	0.952 times
14 Tue May 2024	646.65	644.35	649.50	638.20	1.174 times
13 Mon May 2024	633.50	625.10	636.15	614.30	0.504 times

Stock of Hindalco Industries (HINDALCO) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 669.7, but if it comes below 669.7, then a intra day sell could be more profitable.
If you take a sell trade below 669.7, then use 669.7 as stoploss and 650.05 as target. However if you take a buy trade in stock , then use 669.7 as stoploss and 693.3 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	608.70
Downside Target	655.00
Downside Target	655.40
Downside Target	661.60
Downside Target	663.20
Downside Target	666.00
Upside Target	698.70

Intraday share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Intraday Target	658.07
Downside Intraday Target	642.88
Upside Intraday Target	693.57
Upside Intraday Target	713.88
Upside Intraday Target	678.38

Weekly technical analysis of Hindalco Industries (HINDALCO)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri May 2024	673.25	666.30	698.70	663.20	1.507 times
18 Sat May 2024	660.35	625.10	666.00	614.30	0.834 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Hindalco Industries (HINDALCO)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Fri May 2024	673.25	635.90	698.70	611.75	0.855 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 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 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 BUY signal for Hindalco Industries in short term and the buy signal is strong.

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 coming down

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 and the buying is gaining 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 669.42 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 positive

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