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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 2024-04-08 View latest technical analysis

10 day averaged volume of Hindalco Industries is 6562429

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	576.80	572.00	579.70	570.50	0.499 times
05 Fri Apr 2024	570.05	572.50	575.00	567.60	0.744 times
04 Thu Apr 2024	577.75	590.00	590.00	568.95	1.104 times
03 Wed Apr 2024	576.60	570.20	584.10	567.15	1.145 times
02 Tue Apr 2024	571.20	571.00	572.30	561.55	0.705 times
01 Mon Apr 2024	568.60	570.00	574.00	564.10	0.944 times
28 Thu Mar 2024	560.25	561.00	566.65	555.30	1.269 times
27 Wed Mar 2024	557.65	564.20	564.65	556.80	0.811 times
26 Tue Mar 2024	558.65	545.65	561.00	545.00	1.097 times
22 Fri Mar 2024	547.75	539.70	550.65	537.35	0.841 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 568.6, but if it comes below 568.6, then a intra day sell could be more profitable.
If you take a sell trade below 568.6, then use 568.6 as stoploss and 548.09 as target. However if you take a buy trade in stock , then use 568.6 as stoploss and 593.3 as target.

Share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Target	496.35
Downside Target	514.00
Downside Target	537.60
Downside Target	566.65
Downside Target	570.50
Upside Target	579.70
Upside Target	590.00
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	571.63
Downside Intraday Target	566.47
Upside Intraday Target	580.83
Upside Intraday Target	584.87
Downside Intraday Target	575.67

Weekly technical analysis of Hindalco Industries (HINDALCO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	576.80	572.00	579.70	570.50	0.108 times
05 Fri Apr 2024	570.05	570.00	590.00	561.55	1.461 times
28 Thu Mar 2024	560.25	545.65	566.65	545.00	0.679 times
22 Fri Mar 2024	547.75	532.00	550.65	516.35	0.91 times
15 Fri Mar 2024	532.55	540.00	543.25	501.20	1.391 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
08 Mon Apr 2024	576.80	570.00	590.00	561.55	0.281 times
28 Thu Mar 2024	560.25	510.00	566.65	501.20	0.55 times
29 Thu Feb 2024	503.85	578.00	608.95	496.35	2.008 times
31 Wed Jan 2024	579.35	614.50	620.50	537.60	0.912 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 Industries (HINDALCO)

Price action analysis of Hindalco Industries ( (HINDALCO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Hindalco Industries 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 Industries 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 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 positive zone. This is a BUY zone

Stock of Hindalco Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 566.24 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 rising upwards.

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 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.