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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 2024-02-21 View latest technical analysis

10 day averaged volume of Hindalco Industries is 12983311

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	511.80	535.00	538.00	510.00	1.395 times
20 Tue Feb 2024	511.60	512.60	515.90	507.15	0.4 times
19 Mon Feb 2024	512.30	518.75	518.90	511.80	0.43 times
16 Fri Feb 2024	515.70	519.95	519.95	510.95	0.929 times
15 Thu Feb 2024	513.20	512.70	518.50	507.60	1.025 times
14 Wed Feb 2024	507.80	515.00	516.90	503.15	1.281 times
13 Tue Feb 2024	510.10	539.00	540.00	496.35	3.551 times
12 Mon Feb 2024	582.45	591.90	601.80	579.75	0.354 times
09 Fri Feb 2024	591.30	601.00	602.00	576.30	0.393 times
08 Thu Feb 2024	601.30	592.00	608.95	587.85	0.912 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 522.4, but if it comes above 522.4, then a intra day buy could be more profitable.
If you take a sell trade below 522.4, then use 522.4 as stoploss and 482.1 as target. However if you take a buy trade in stock , then use 522.4 as stoploss and 555.91 as target.

Share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Target	448.75
Downside Target	494.80
Downside Target	507.15
Upside Target	537.60
Upside Target	562.00
Upside Target	570.00
Upside Target	589.00
Upside Target	601.80
Upside Target	608.95
Upside Target	618.00
Upside Target	620.50

Intraday share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Intraday Target	499.97
Downside Intraday Target	488.13
Upside Intraday Target	530.82
Upside Intraday Target	549.83
Upside Intraday Target	518.98

Weekly technical analysis of Hindalco Industries (HINDALCO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	511.80	518.75	538.00	507.15	0.311 times
16 Fri Feb 2024	515.70	591.90	601.80	496.35	2.629 times
09 Fri Feb 2024	591.30	583.50	608.95	569.25	1.2 times
02 Fri Feb 2024	583.50	568.00	589.00	562.00	1.259 times
25 Thu Jan 2024	567.20	561.00	570.00	537.60	1 times

Price has moved down 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
21 Wed Feb 2024	511.80	578.00	608.95	496.35	1.541 times
31 Wed Jan 2024	579.35	614.50	620.50	537.60	0.912 times
29 Fri Dec 2023	614.85	520.05	618.00	514.00	1.068 times
30 Thu Nov 2023	515.65	458.50	523.35	456.00	1.041 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 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 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.

Hindalco Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 but BUY 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 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 524.17 and Hindalco Industries (HINDALCO) stock is trading below this level. This means that stock is falling with high volumes. 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.