HINDALCO - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.6

Here’s a detailed technical analysis of Hindalco Industries Ltd (HINDALCO) based on current indicators and chart behavior

📊 Trend Overview

Current Phase: Strong uptrend

Price Action: Trading above both 50-DMA (₹710) and 200-DMA (₹669), confirming bullish momentum.

Volume: Significantly above average (49.8L vs 40.8L), indicating strong buying interest.

📈 Momentum Indicators

RSI (64.5): Bullish zone, approaching overbought territory. Suggests continued strength but watch for short-term exhaustion.

MACD (15.3): Positive and diverging from signal line — confirms bullish momentum.

Bollinger Bands: Price likely near upper band, indicating strength but also potential for short-term pullback or pause.

🧭 Chart Patterns

Breakout from Rectangle Formation: Hindalco recently broke above resistance at ₹692, signaling a bullish continuation

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Rising Trend Channel: Medium-to-long term trend remains upward, supported by higher lows and higher highs

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🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 730 Minor pullback zone

Support 2 710 50-DMA, strong dynamic support

Support 3 692 Previous breakout level

Resistance 1 773 52-week high, immediate ceiling

Resistance 2 800 Psychological level, potential breakout target

🎯 Entry & Exit Zones

Optimal Entry: ₹730–₹740 (on dips with volume confirmation)

Short-Term Target: ₹773–₹800

Exit Zone / Stop-Loss: ₹710 (below 50-DMA)

🔄 Short-Term Outlook

Momentum: Strong and accelerating

Bias: Bullish above ₹730; cautious below ₹710

Phase: Trending — no signs of reversal or consolidation

🧠 Key Takeaways

Hindalco is in a robust uptrend with strong volume and momentum indicators backing the move.

A decisive close above ₹773 could trigger a fresh breakout toward ₹800+.

Short-term traders should watch for RSI nearing overbought levels and manage risk accordingly.

Sources

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Would you like a visual chart or screener of similar breakout stocks? I can help with that too.

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www.investtech.com

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The Economic Times

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Business Today | MSN

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NewsBytes

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