HINDALCO - IntraDay Trade Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to IntraDay Trade List📊 IntraDay Trade Rating for HINDALCO: 4.2
Hindalco looks like a strong contender for intraday action today, supported by bullish momentum indicators, impressive earnings growth, and favorable technical levels. Let’s break it down and plan your session strategically
🔍 Key Technical & Fundamental Insights
Momentum Indicators
RSI (60): Trending strong, on the bullish side without being overbought.
MACD (6.64): Positive and rising — confirms upside momentum.
Price vs Moving Averages
Current Price ₹693 is comfortably above DMA 50 ₹670 and DMA 200 ₹650, implying positive short-term and mid-term bias.
Volume Behavior
Today’s Volume (30.6L) < Avg Vol (44.2L) → Slightly muted activity, but rising price with lower volume could signal stealth accumulation.
Valuation & Earnings
P/E 9.36 vs Industry PE 17.7: Undervalued.
EPS ₹71.2 & PEG 1.25: Balanced growth pricing.
Qtr Profit up by 66.3%: Strong earnings spark.
ROCE 15.2% / ROE 14.5%: Solid profitability metrics.
💡 Intraday Trade Strategy
🔸 Fresh Entry Plan
Optimal Buy Zone: ₹690–₹692 (Watch for price consolidation in this zone with slight uptick in volume)
Profit Target Zone: ₹705–₹710
Stop Loss: ₹682 (Just below the support band and 5-min moving average, to minimize downside risk)
🔸 If You're Already Holding
Exit Triggers Based on Momentum
Above ₹705–₹710: Consider partial/full exit — likely resistance zone intraday.
Below ₹683 with rising volume: Momentum breakdown — swift exit advised.
Trailing Stop Suggestion: ₹688 (Protect gains if price surges above ₹700 but reverses)
🧠 Verdict
Hindalco has a strong technical structure today with earnings power backing its movement. It's a good pick for intraday trading with controlled risk, especially if volume picks up mid-session. Stay nimble — this one has range expansion potential if broader market sentiment remains positive.
Want me to help track its live movement or compare with another metal stock like Tata Steel or JSW Steel? I’m here for it.
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