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HINDALCOMARKET OUTLOOKSTOCK OUTLOOK

Hindalco Outlook for the Week (May 20, 2024 – May 24, 2024)

Hindalco
Hindalco
Hindalco closed the previous week on a negative note losing 7.76%.

Technically, Hindalco share price will see immediate support at 624.50 and immediate resistance would be seen at 676.20.

If Hindalco share price closes below immediate support of 624.50, then sharp breakdown can be seen. Hindalco share price will see major support at 593.55 for the week.

On the positive side, immediate resistance will be seen at 676.20. Closing above 676.20, Hindalco share price will see a sharp breakout. Major resistance for Hindalco share price will be seen at 696.95 for the week.

Trading range for Hindalco share price for this week should be between 572.80 on down side and 727.90 on up side.

Hindalco Previous Week High: 666

Hindalco Previous Week Low: 614.3

Hindalco Previous Week Range: 51.7 Points

Hindalco share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 727.90
Resistance 2 696.95
Resistance 1 676.20
Support 1 624.50
Support 2 593.55
Support 3 572.80
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{"buy_point":[{"en_ltd":"2024-05-14","en_sup_p_91":"642.52","en_sup_t_91":"625.11","prev_close":"633.50","en_close":"646.65","new_date":"May 14","prev_close_no":633}],"sell_point":[{"en_ltd":"2024-05-07","en_sup_p_91":"635.59","en_sup_t_91":"648.56","prev_close":"638.80","en_close":"620.20","new_date":"May 7","prev_close_no":638}]}

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