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By EquityPandit

HINDALCOMARKET OUTLOOKSTOCK OUTLOOK

Hindalco Outlook for the Week (February 19, 2024 – February 23, 2024)

Hindalco
Hindalco
Hindalco closed the previous week on a negative note losing 17.52%.

Technically, Hindalco share price will see immediate support at 474.10 and immediate resistance would be seen at 579.55.

If Hindalco share price closes below immediate support of 474.10, then sharp breakdown can be seen. Hindalco share price will see major support at 432.50 for the week.

620.00620.00600.00600.00580.00580.00560.00560.00540.00540.00520.00520.00500.00500.00480.00480.00Jan 5Jan 5Jan 10Jan 10Jan 15Jan 15Jan 18Jan 18Jan 23Jan 23Jan 29Jan 29Feb 1Feb 1Feb 6Feb 6Feb 9Feb 9Feb 14Feb 14Reversal Level 533.97BuySell

On the positive side, immediate resistance will be seen at 579.55. Closing above 579.55, Hindalco share price will see a sharp breakout. Major resistance for Hindalco share price will be seen at 643.40 for the week.

Trading range for Hindalco share price for this week should be between 368.65 on down side and 685.00 on up side.

Hindalco Previous Week High: 601.8

Hindalco Previous Week Low: 496.35

Hindalco Previous Week Range: 105.45 Points

Hindalco share price support and resistance for the week (February 19, 2024 – February 23, 2024)

Level Type Value
Resistance 3 685.00
Resistance 2 643.40
Resistance 1 579.55
Support 1 474.10
Support 2 432.50
Support 3 368.65
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{"buy_point":[{"en_ltd":"2024-01-24","en_sup_p_91":"564.03","en_sup_t_91":"541.34","prev_close":"541.40","en_close":"565.15","new_date":"Jan 24","prev_close_no":541}],"sell_point":[{"en_ltd":"2024-02-13","en_sup_p_91":"582.43","en_sup_t_91":"543.39","prev_close":"582.45","en_close":"510.10","new_date":"Feb 13","prev_close_no":582}]}

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