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Hindalco stock belong to Aluminium sector. NSE Code of Hindalco is Hindalco. BSE Code for Hindalco is 500440. Face value of Hindalco is Rs. 1. Hindalco is available for Future and Options trading. Lot size for Hindalco Future is 2150. (Time to time lot size changed by exchange, so please check it once before taking any action).
13 June 2021: Hindalco closed at 393.15 (11 June 2021 NSE closing price). We can see now strong buy signal in Hindalco chart. Support level 388 and 384 for Hindalco stock. Resistance level for Hindalco are 400 and next at 405. As per Friday session chart, one can make long position in this stock with stop loss of 388 for target price 400 / 404. Sell recommended below 388 with stop loss of 395. One should check market trend before making any position. If market seems positive then make long position and if market seems weak then wait to short this stock below 388. Above view only for educational purpose.
25 April 2021: Hindalco closed at 349.50, 23 April 2021 in NSE). If we see its daily chart and weekly chart, then we can find support around 328-320 level. We have seen some selling in this stock as it broken 354 level. Buy only good if stock sustain above 358-359 for 1-2 days. Above view only for educational purpose.
11 May 2020 : Hindalco closed at 119.80 (11 May 2020 in NSE). If we see its daily chart, we can see that stock made bottom around 85 level and slowly slowly going up. Last month stock moved to 130+ level but due to market crash stock again down to current level. One can buy this stock around 117-119 range with stop loss of 113 (Closing basis) for target of 126. If you want to buy Hindalco Future then hedge your position by proper call put options. Above view only for educational purpose.
01 June 2019 : Hindalco closed at 197.00 in NSE. Since last few months this stock not at all performing as per market. Nifty and sensex at life time high and stock below more than 30%. Aluminium prices down in international market and this is one the big reason for this. Technically, Hindalco having good support at 175-180 zone and once Aluminium prices would increased stock will jump to 240 to 250 levels.
