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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.

10 day averaged volume of Hindalco Industries is 6192068

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	515.65	519.30	519.75	511.35	1.227 times
29 Wed Nov 2023	517.45	519.00	523.35	513.90	1.013 times
28 Tue Nov 2023	515.60	511.75	518.25	509.80	1.26 times
24 Fri Nov 2023	507.80	504.85	512.75	502.55	0.965 times
23 Thu Nov 2023	501.95	499.00	503.00	491.65	1.07 times
22 Wed Nov 2023	500.25	504.90	506.85	498.95	0.701 times
21 Tue Nov 2023	506.85	502.80	510.95	501.90	1.155 times
20 Mon Nov 2023	497.30	500.15	505.95	496.55	0.695 times
17 Fri Nov 2023	497.75	503.05	506.45	496.85	0.581 times
16 Thu Nov 2023	504.30	504.00	507.45	497.15	0.674 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 508.9, but if it comes below 508.9, then a intra day sell could be more profitable.
If you take a sell trade below 508.9, then use 508.9 as stoploss and 495.5 as target. However if you take a buy trade in stock , then use 508.9 as stoploss and 525 as target.

Share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Target	417.15
Downside Target	438.15
Downside Target	448.75
Downside Target	491.50
Downside Target	491.65
Downside Target	494.80
Downside Target	508.90
Downside Target	509.80
Downside Target	512.75
Downside Target	513.50
Upside Target	523.35

Intraday share price targets for Hindalco Industries (HINDALCO)

Target Type	Value
Downside Intraday Target	509.18
Downside Intraday Target	502.72
Upside Intraday Target	522.73
Upside Intraday Target	529.82
Upside Intraday Target	516.27

Weekly technical analysis of Hindalco Industries (HINDALCO)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	515.65	511.75	523.35	509.80	0.763 times
24 Fri Nov 2023	507.80	500.15	512.75	491.65	1.152 times
17 Fri Nov 2023	497.75	485.00	513.50	480.65	0.998 times
10 Fri Nov 2023	481.30	480.00	491.50	478.15	0.992 times
03 Fri Nov 2023	475.20	458.75	481.45	453.25	1.052 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
30 Thu Nov 2023	515.65	458.50	523.35	456.00	1.041 times
31 Tue Oct 2023	459.50	483.10	494.80	448.75	0.758 times
29 Fri Sep 2023	492.65	462.95	508.90	462.10	1.212 times
31 Thu Aug 2023	459.85	465.00	471.55	438.15	1.012 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 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 losing 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 coming down

CCI has generated a SELL signal for Hindalco Industries 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 507.92 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.