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Right shoulder broke the support and a major fall occurred which coincides with Covid situation. Share price data of Hindalco on Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and Luxemberg stock exchange (NSE).
Recovery is happening in a parrallel channel making upper dynamic resistance and lower dynamic support lines. breakout of this non ferrous company seems to have taken place Choose your winners rationally in 3 simple steps!Choose your reason below and click on the Report button. Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 40197.26 Crore) operating in Metals - Non Ferrous sector. Hindalco’s four aluminium smelters and Utkal alumina refinery operated at full capacity during the lockdown. This idea by one right trade is only for study purpose and is not a trading call. We see high call writers at 190 call close to a 14 lac positions added today in OI a 55% increase. Hindalco is one of the major manufacturers of 19.6mm diameter copper rods, which is used for railway electrification. The company also has a custom smelter in the copper business. 2) The next move is upwards Find the latest HINDALCO INDS (HINDALCO.NS) stock quote, history, news and other vital information to help you with your stock trading and investing. The consensus estimate represents a downside of -1.23% from the last price of 178.95.
It operates through the Aluminium and Copper segments. (SELL ONLY IF FACES RESISTANCE AT 181-182) Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
The custom copper smelter at Dahej in the state of Gujarat (west coast of India) houses three copper smelters, three refineries, two rod plants, a captive power plant, a captive oxygen plant, phosphoric acid plant, di-ammonium phosphate plant, precious metal recovery plant, captive jetty and other utilities.
Fibbonaci retracement comes to about 169 levels is the next support level. The stock price trading with in a small pennant pattern since past four trading sessions, where 167.50 (50MA) - 170 range is immediate resistances zone on the higher side and lower side support comes at 154.50. For reprint rights: Buy Hindalco Industries, target price Rs 233: Motilal Oswal Hindalco’s copper division, Birla Copper, operates one of the largest single location custom copper smelters in the world. ICICI Securities has given a buy rating to Hindalco Industries with a target price of Rs 191. The Copper segment is the manufacture and sale of copper cathode, continuous cast copper rods, sulphuric acid, DAP and complexes, gold, silver, and other precious metals.
Motilal Oswal has given buy rating to Hindalco Industries with a target price of Rs 198. Head and shoulder formation observed before the big crash. Home; Investor centre ; Share Information ; In this section. Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group.
FOR COMPLETE STOCK... We clearly see selling pressure at 180 level where it crashed on 20th April. Hindalco Industries Ltd. engages in the production and marketing of aluminium and copper products.
Its headquarters are at Mumbai, Maharashtra, India.It is the Flagship company in the metals business. One of the new rod plants is under construction and will be operational by end FY18. Today Both the previous support and parallel channel... Target: 177,175,172 don't forget to like my post.