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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 2024-08-16 View latest technical analysis

10 day averaged volume of Hindalco Industries is 6895496

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	634.15	633.95	642.00	630.20	0.952 times
14 Wed Aug 2024	621.45	626.85	633.95	611.60	1.254 times
13 Tue Aug 2024	621.40	634.40	634.40	619.20	0.985 times
12 Mon Aug 2024	629.35	619.00	634.40	616.50	0.52 times
09 Fri Aug 2024	622.90	622.00	626.50	614.80	0.526 times
08 Thu Aug 2024	614.05	625.00	631.00	613.00	0.783 times
07 Wed Aug 2024	623.70	625.00	629.45	616.75	0.702 times
06 Tue Aug 2024	610.30	625.00	629.00	608.00	1.024 times
05 Mon Aug 2024	614.30	628.05	633.85	609.25	1.951 times
02 Fri Aug 2024	648.05	659.80	665.60	646.55	0.974 times

My analysis of stock is bearish for shortterm, and stock might move down till 621.7 or till 595.8. Use a stoploss of 643.23 and if the stock hits stoploss, then it can shoot up till 664.79

Share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Target	561.55
Downside Target	594.25
Downside Target	608.00
Downside Target	633.30
Upside Target	661.60
Upside Target	675.00
Upside Target	690.90
Upside Target	703.15
Upside Target	712.10
Upside Target	713.50
Upside Target	715.25

Intraday share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Intraday Target	616.5
Downside Intraday Target	598.85
Upside Intraday Target	646.9
Upside Intraday Target	659.65
Downside Intraday Target	629.25

Weekly technical analysis of Hindalco Industries (HINDALCO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	634.15	619.00	642.00	611.60	0.744 times
09 Fri Aug 2024	622.90	628.05	633.85	608.00	0.933 times
02 Fri Aug 2024	648.05	676.75	690.90	646.55	1.395 times
26 Fri Jul 2024	667.60	655.00	675.00	633.30	1.23 times
19 Fri Jul 2024	663.00	692.05	703.15	658.65	0.888 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
16 Fri Aug 2024	634.15	680.00	690.90	608.00	0.626 times
31 Wed Jul 2024	669.60	699.00	712.10	633.30	0.697 times
28 Fri Jun 2024	693.55	715.00	715.25	594.25	0.784 times
31 Fri May 2024	689.35	635.90	713.50	611.75	1.252 times

Scroll below to view daily charts

Price has moved down 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Hindalco Industries ( (HINDALCO) ) based on a short to mid 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.

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 losing momentum.

MACD generated a SELL signal for Hindalco Industries in short term and the sell signal is strong.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 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 622.82 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 has given negative 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.