Hindalco is on bull run, if moves up further then it will find resistance around 216.

Free Hindalco Industries Support Resistance
Hindalco Industries Support Resistance

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Stock is on bull run in today trading (19-07-17). Stock has touched an intraday high of Rs. 213.50 after breaking its resistance zone @ 210.50 (as shown in previous chart). Technical chart indicates that if stock moves up further then it will find resistance around 216. Visit this link for updated Hindalco Industries support resistance.

For today trading share price of Hindalco is trading with again of Rs. 5.60 (+2.72%) at Rs. 213 at NSE at 1:06 pm. Stock opened 207.50, high 213.50 and low 207.40. Total traded volumes were 9886139.

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Free Hindalco Industries Support Resistance
Free Hindalco Industries Support Resistance

Stock witnessed selling from resistance @ 210.50. Chart indicates as long as stock holds below its resistance zone correction expecting. Further bulls action can be seen once stock closes and holds above 210.50. Intraday bulls action expecting once stock holds above its resistance. Visit this link for updated Hindalco Industries support resistance. Suggested link – Aban offshore share price target.

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Yesterday 18-07-17 stock closed with a loss of Rs. 1.75 (-0.84%) at Rs. 207.40 at NSE. Share price of Hindalco opened 207.95, touched an intraday high 210.40 and low 206.40. Total traded volume was 7529525. 

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Hindalco Industries
Hindalco Industries Support Resistance

Stock is on bull run after breaking its resistance zone @ 205.50 (as showed in previous chart. Technical indicates stock will now find resistance around 210.50 its previous top, as shown in above image. Further price rise expecting once it closes and holds above 210.50. If fails to holds above its resistance zone then correction expecting. Intraday we can see price rise action once stock holds above 210.50. Visit this link for updated Hindalco Industries support resistance.

If stock holds above 210.50 then it will find next strong resistance around 215. Yesterday (17-07-17) stock closed with a gain of Rs.3.20 (+1.55%) at Rs. 209.15. Hindalco share price opened 206.15, intraday high 209.50 and low 205.95. Total traded volume 9977808.


Hindalco Industries Support Resistance
Hindalco industries support resistance

Stock finding strong resistance at current levels, chart indicates its on the verge of bullish breakout. Bulls action expecting once Hindalco closes and holds above its resistance zone @ 205.50. Intraday we can see some bulls action once stock holds above its resistance zone during trading hours. Hindalco Industries support resistance – As per above chart stock strong resistance around 205.50 and 210.


Hindalco industries support resistance
Hindalco industries support resistance 12-07-2017

Stock finding strong trend line resistance at current levels, technical chart indicates stock can see further bulls action once it closes and holds above its resistance zone as shown above.

As per current chart stock will find resistance around 205 and 210. If stock falls from current levels then will find support around 194 and 190.

Stock is trading at National stock exchange at Rs. 200.30 trading flat (0.00%) as per yesterday closing at 2:35 pm. Share price of Hindalco opened 201.75, stock made an intraday high 202.40 and made an low 200.85. Total traded volumes so far are 7029349. Stock 52 weeks high is Rs. 210.35 and 52 weeks low Rs. 128.05.

For today trading overall its a dull day of metal share stock like NMDC up by 1.53%, National Aluminium (+1.27%), Vedalta Limited (+0.78%), Welcorp up by (+0.60%), Hind Zinc (0.57%), Jindal Steel (+0.54%), SAIL (0.40%), TATA Steel (0.30%), JSW Steel (+0.23%), APLAPOLLO (+0.18%), MOIL (+0.06%), RATNAMANI (-0.05%), COAL India (-0.29%) as per NSE 2:52pm.

Stock was on news on 12-07-2017- As per report published on Economics time, technical analysis of Edelweiss has given a buy call in Hindalco with a share price target o Rs.215. He also given a stop loss of 193.

Hindalco has incorporated in year 1958, operating in Metals – Non Ferrous sector.

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One thought on “Hindalco is on bull run, if moves up further then it will find resistance around 216.

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