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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 2024-02-06 View latest technical analysis

10 day averaged volume of Hindalco is 223023

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	584.70	579.60	587.75	569.50	0.39 times
05 Mon Feb 2024	579.60	584.60	590.55	576.05	2.082 times
02 Fri Feb 2024	584.00	575.15	589.00	573.10	0.671 times
01 Thu Feb 2024	571.15	582.85	582.85	570.30	1.192 times
31 Wed Jan 2024	579.35	571.75	580.45	569.00	0.423 times
30 Tue Jan 2024	569.25	568.15	583.90	567.10	1.747 times
29 Mon Jan 2024	567.95	567.25	572.35	561.75	0.62 times
25 Thu Jan 2024	567.70	566.90	569.70	558.30	1.846 times
24 Wed Jan 2024	565.40	545.05	566.90	545.05	0.961 times
23 Tue Jan 2024	541.90	560.00	562.00	537.70	0.303 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 581.6, but if it comes below 581.6, then a intra day sell could be more profitable.
If you take a sell trade below 581.6, then use 581.6 as stoploss and 570.65 as target. However if you take a buy trade in stock , then use 581.6 as stoploss and 594.8 as target.

Share price targets for Hindalco (Hindalco)

Target Type	Value
Downside Target	448.65
Downside Target	494.75
Downside Target	514.05
Downside Target	537.70
Downside Target	561.75
Upside Target	586.65
Upside Target	589.00
Upside Target	590.55
Upside Target	592.55
Upside Target	618.00
Upside Target	620.60

Intraday share price targets for Hindalco (Hindalco)

Target Type	Value
Downside Intraday Target	572.62
Downside Intraday Target	560.53
Upside Intraday Target	593.67
Upside Intraday Target	602.63
Downside Intraday Target	581.58

Weekly technical analysis of Hindalco (Hindalco)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	584.70	584.60	590.55	569.50	0.531 times
02 Fri Feb 2024	584.00	567.25	589.00	561.75	1.424 times
25 Thu Jan 2024	567.70	564.95	569.70	537.70	0.668 times
19 Fri Jan 2024	557.00	586.65	586.65	547.85	1.374 times
12 Fri Jan 2024	581.45	587.10	592.55	570.80	0.609 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
06 Tue Feb 2024	584.70	582.85	590.55	569.50	0.213 times
31 Wed Jan 2024	579.35	610.05	620.60	537.70	0.854 times
29 Fri Dec 2023	614.90	519.00	618.00	514.05	0.709 times
30 Thu Nov 2023	515.45	459.05	523.40	456.25	1.329 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 Weak 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Hindalco in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 572.02 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.