HINDALCO - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.1

Let’s decode the price action and momentum behind HINDALCO, an aluminum heavyweight with strong quarterly earnings and breakout potential

📊 Trend Dynamics

Current Price (₹693) is above both 50-DMA (₹670) and 200-DMA (₹650) → signifies a bullish trend continuation.

The stock has rebounded sharply from its recent low of ₹546 and is now testing levels near its last swing highs.

🧭 Status: Trending upward

🔄 Momentum Signals

RSI (60.0): Entering bullish territory but still below overbought zone → indicates positive momentum with room to run.

MACD (6.64): Clearly above signal line and zero line → strong bullish crossover, validating upside potential.

Volume: Slightly below average but steady → momentum is sustained, not euphoric.

📉 Bollinger Bands

Price likely nearing upper band — this is where volatility increases.

Watch for either

A breakout past upper band with volume (continuation),

Or a cool-off and consolidation.

📈 Support & Resistance Zones

Zone Type Price Range (₹) Commentary

Strong Support 665 – 675 Near DMA levels, key bounce zone

Resistance 715 – 735 Recent supply zone, swing top congestion

Breakout Zone 735+ Opens pathway to ₹750–₹770 (52-week high area)

🎯 Entry & Exit Strategy

Entry Zone: ₹670–₹685 (on mild dip, near support + strong MACD)

Exit Zone: ₹715–₹735 (lock gains before resistance hits)

Stop Loss: Below ₹660 (DMA breakdown would hurt bullish bias)

📌 Conclusion

HINDALCO is in a clear uptrend, backed by strong fundamentals and improving momentum.

Technicals suggest a buy-on-dips approach with tight stops and tiered profit-taking.

A breakout past ₹735 with strong volume can lead to a push toward ₹770.

Want me to layer in sector trends from metals or check where global aluminum prices are headed? Could unlock even more insight into whether this rally has legs. 📦🔎

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