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(Hindalco) Hindalco complete technical analysis [charts+indicators] | Buy/Sell Hindalco | (Hindalco) share price targets

Complete technical analysis of Hindalco (Hindalco) by charts plus indicators, forecast predictions and share price targets for Hindalco (Hindalco)

Showing technical analysis as on 2024-05-23 View latest technical analysis

10 day averaged volume of Hindalco is 260794

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	676.55	679.95	679.95	666.05	0.48 times
22 Wed May 2024	684.25	699.45	699.45	677.50	1.077 times
21 Tue May 2024	693.20	665.70	695.15	663.40	3.094 times
18 Sat May 2024	660.00	660.00	663.00	658.30	0.073 times
17 Fri May 2024	655.30	654.85	658.60	650.50	1.516 times
16 Thu May 2024	653.05	659.80	665.75	643.15	1.205 times
15 Wed May 2024	653.70	651.20	659.20	649.85	0.824 times
14 Tue May 2024	646.50	643.55	649.50	638.35	0.64 times
13 Mon May 2024	633.40	625.65	636.00	614.55	0.645 times
10 Fri May 2024	625.65	620.35	629.40	618.00	0.339 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 667.5, but if it comes below 667.5, then a intra day sell could be more profitable.
If you take a sell trade below 667.5, then use 667.5 as stoploss and 648.55 as target. However if you take a buy trade in stock , then use 667.5 as stoploss and 690.2 as target.

Share price targets for Hindalco (Hindalco)

Target Type	Value
Downside Target	496.80
Downside Target	537.70
Downside Target	561.50
Downside Target	608.45
Downside Target	654.90
Downside Target	656.55
Downside Target	661.30
Downside Target	663.40
Downside Target	665.75
Upside Target	699.45

Intraday share price targets for Hindalco (Hindalco)

Target Type	Value
Downside Intraday Target	660.15
Downside Intraday Target	643.75
Upside Intraday Target	696.2
Upside Intraday Target	715.85
Upside Intraday Target	679.8

Weekly technical analysis of Hindalco (Hindalco)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	676.55	665.70	699.45	663.40	0.948 times
18 Sat May 2024	660.00	625.65	665.75	614.55	1.632 times
10 Fri May 2024	625.65	654.40	654.90	611.65	1.194 times
03 Fri May 2024	647.05	656.55	656.55	628.45	0.352 times
26 Fri Apr 2024	649.55	619.30	661.30	608.45	1.053 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 (Hindalco)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu May 2024	676.55	636.00	699.45	611.65	0.442 times
30 Tue Apr 2024	643.90	566.60	661.30	561.50	2.008 times
28 Thu Mar 2024	560.45	513.95	569.90	501.10	0.572 times
29 Thu Feb 2024	503.10	582.85	608.80	496.80	1.551 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 (Hindalco)

Price action analysis of Hindalco ( (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 ( (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 ( (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 stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Hindalco in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Hindalco 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 SELL signal for Hindalco in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 667.95 and Hindalco (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 (Hindalco) stock. Volume based technical analysis of Hindalco (Hindalco) stock is negative.

Hindalco 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.