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Stock analysis Hindalco Industries Limited HINDALCO

More indepth analysis on MunafaSutra.com

Moving Averages for Hindalco Industries Limited

  • 5Day Average: 552.8
  • 12Day Average: 537.53
  • 20Day Average: 532.03
  • 50Day Average: 541.84
  • 100Day Average: 541.18
  • 150Day Average: 518.5
  • 200Day Average: 498.42

HINDALCO Indicators & signals

Indicator MACD (12,26,9)

542.54, 537.4, -0.02
Indicator MACD is in positive zone

Indicator ADX (14)

12.63, 27.13, 21.05
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HINDALCO Hindalco Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 560.25 555.30 to 566.65 0.47% 1.23 times
27 Wed Mar 2024 557.65 556.80 to 564.65 -0.18% 0.79 times
26 Tue Mar 2024 558.65 545.00 to 561.00 1.99% 1.06 times
22 Fri Mar 2024 547.75 537.35 to 550.65 1.49% 0.81 times
21 Thu Mar 2024 539.70 534.25 to 545.75 2.24% 1.3 times
20 Wed Mar 2024 527.85 516.35 to 535.50 -1.09% 0.74 times
19 Tue Mar 2024 533.65 529.25 to 539.75 0.47% 1.05 times
18 Mon Mar 2024 531.15 527.00 to 535.55 -0.26% 0.63 times
15 Fri Mar 2024 532.55 517.50 to 534.05 1.39% 1.25 times
14 Thu Mar 2024 525.25 507.00 to 526.35 3.6% 1.53 times
13 Wed Mar 2024 507.00 501.20 to 530.00 -4.15% 0.84 times
12 Tue Mar 2024 528.95 525.30 to 536.85 -0.89% 0.55 times

Technical analysis forecast of Hindalco Industries Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Hindalco Industries Limited HINDALCO at this time. Stock is rising and might rise more.

It appears as if Hindalco Industries Limited HINDALCO gave a large move recently.

Stock of Hindalco Industries Limited (HINDALCO) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Hindalco Industries Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Hindalco Industries Limited stays above 552.9, but if it comes below 552.9, then a intra day sell could be more profitable.
If you take a sell trade below 552.9, then use 552.9 as stoploss and 538.07 as target. However if you take a buy trade in Hindalco Industries Limited, then use 552.9 as stoploss and 570.8 as target.

More indepth analysis on MunafaSutra.com