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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)

10 day averaged volume of Hindalco is 474399

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	608.75	612.65	621.45	607.40	0.513 times
15 Mon Apr 2024	612.65	610.00	625.20	605.50	1.381 times
12 Fri Apr 2024	597.55	608.40	608.50	595.85	0.626 times
10 Wed Apr 2024	601.95	594.50	604.85	590.85	1.101 times
09 Tue Apr 2024	588.75	579.05	595.15	574.05	0.561 times
08 Mon Apr 2024	576.70	572.50	579.80	571.00	0.162 times
05 Fri Apr 2024	569.90	572.20	574.60	568.00	4.472 times
04 Thu Apr 2024	577.85	590.05	590.05	568.80	0.476 times
03 Wed Apr 2024	576.60	570.85	584.00	568.00	0.567 times
02 Tue Apr 2024	571.25	572.10	572.50	561.50	0.295 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 592.7, but if it comes below 592.7, then a intra day sell could be more profitable.
If you take a sell trade below 592.7, then use 592.7 as stoploss and 567 as target. However if you take a buy trade in stock , then use 592.7 as stoploss and 623.6 as target.

Share price targets for Hindalco (Hindalco)

Target Type	Value
Downside Target	496.80
Downside Target	514.05
Downside Target	537.70
Downside Target	561.50
Downside Target	590.05
Downside Target	605.50
Downside Target	608.50
Upside Target	608.80
Upside Target	618.00
Upside Target	620.60
Upside Target	625.20

Intraday share price targets for Hindalco (Hindalco)

Target Type	Value
Downside Intraday Target	601.1
Downside Intraday Target	593.45
Upside Intraday Target	620.8
Upside Intraday Target	632.85
Upside Intraday Target	613.15

Weekly technical analysis of Hindalco (Hindalco)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	608.75	610.00	625.20	605.50	0.773 times
12 Fri Apr 2024	597.55	572.50	608.50	571.00	0.397 times
05 Fri Apr 2024	569.90	566.60	590.05	561.50	6.837 times
28 Thu Mar 2024	560.45	544.70	569.90	544.70	0.466 times
22 Fri Mar 2024	547.45	531.50	550.40	516.50	0.712 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
16 Tue Apr 2024	608.75	566.60	625.20	561.50	1.239 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
31 Wed Jan 2024	579.35	610.05	620.60	537.70	0.854 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 584.79 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.