Hindalco Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

Hindalco closed the previous week on a negative note losing 6.11%

Technically, Hindalco share price will see immediate support at 435.47 and immediate resistance would be seen at 463.57

If Hindalco share price closes below immediate support of 435.47, then sharp breakdown can be seen. Hindalco share price will see major support at 419.43 for the week.

On the positive side, immediate resistance will be seen at 463.57. Closing above 463.57, Hindalco share price will see a sharp breakout. Major resistance for Hindalco share price will be seen at 475.63 for the week.

Trading range for Hindalco share price for this week should be between 407.37 on down side and 491.67 on up side.

Hindalco Previous Week High: 459.6

Hindalco Previous Week Low: 431.5

Hindalco Previous Week Range: 28.1 Points

Hindalco share price support and resistance for the week (July 31, 2023 – August 04, 2023)