HINDALCO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | HINDALCO | Market Cap | 2,58,225 Cr. | Current Price | 1,150 ₹ | High / Low | 1,154 ₹ |
| Stock P/E | 25.6 | Book Value | 341 ₹ | Dividend Yield | 0.43 % | ROCE | 17.1 % |
| ROE | 13.7 % | Face Value | 1.00 ₹ | DMA 50 | 1,025 ₹ | DMA 200 | 894 ₹ |
| Chg in FII Hold | 1.80 % | Chg in DII Hold | -1.82 % | PAT Qtr | 2,934 Cr. | PAT Prev Qtr | 3,017 Cr. |
| RSI | 69.1 | MACD | 29.4 | Volume | 80,43,701 | Avg Vol 1Wk | 62,76,505 |
| Low price | 618 ₹ | High price | 1,154 ₹ | PEG Ratio | 0.57 | Debt to equity | 0.23 |
| 52w Index | 99.2 % | Qtr Profit Var | 88.0 % | EPS | 44.9 ₹ | Industry PE | 18.8 |
📈 Chart Patterns: HINDALCO is trading at its 52-week high (₹1,154), showing strong upward momentum. The broader structure reflects a steep rally from ₹618, with price action forming higher highs and strong bullish continuation.
📊 Moving Averages: Current price (₹1,150) is well above DMA 50 (₹1,025) and DMA 200 (₹894), confirming strong bullish momentum.
📉 RSI: At 69.1, RSI is approaching overbought territory, suggesting caution for short-term traders.
📈 MACD: Positive at 29.4, showing bullish crossover and continuation of upward momentum.
📉 Bollinger Bands: Price is near the upper band, reflecting strong bullish momentum but risk of short-term pullback.
📊 Volume Trends: Current volume (80.4L) is above average weekly volume (62.7L), showing strong participation and conviction in the rally.
⚡ Short-Term Momentum Signals: Strong bullish bias with high momentum; breakout sustained above ₹1,154 confirms trend strength.
🎯 Entry Zone: ₹1,120–₹1,150 (support region).
🎯 Exit Zone: ₹1,154–₹1,180 (resistance zone).
🔀 Trend Status: Trending upward with bullish undertone; consolidation possible near resistance.
Positive
- Strong ROCE (17.1%) and ROE (13.7%) highlight operational efficiency.
- EPS at ₹44.9 supports earnings visibility.
- Price trading above both DMA 50 and DMA 200 confirms bullish trend.
- FII holdings increased (+1.80%), showing foreign investor confidence.
Limitation
- Dividend yield at 0.43% is modest.
- Quarterly PAT declined slightly (₹3,017 Cr. to ₹2,934 Cr.).
- High P/E ratio (25.6) compared to industry PE (18.8) indicates premium valuation.
- DII holdings decreased (-1.82%), showing reduced domestic support.
Company Negative News
- Slight decline in quarterly PAT.
- Valuation concerns with P/E above industry average.
- RSI near overbought levels signals caution.
Company Positive News
- Quarterly profit variation (+88%) shows strong earnings momentum.
- Stock trading near 52-week high reflects bullish sentiment.
- MACD positive, confirming upward momentum.
Industry
- Industry PE at 18.8 vs. HINDALCO PE at 25.6 shows premium valuation.
- Metals and mining industry supported by global demand for aluminum and copper.
Conclusion
HINDALCO is trending upward with strong bullish undertones. Short-term traders may consider entry around ₹1,120–₹1,150 with exit near ₹1,154–₹1,180. Long-term investors should monitor valuation risks and sector demand before fresh accumulation.
Would you like me to extend this into a sector overlay HTML report with peer benchmarking against Tata Steel, JSW Steel, and Vedanta, or keep it strictly as a standalone technical rating?