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HINDALCOMARKET OUTLOOKSTOCK OUTLOOK

Hindalco Outlook for the Week (August 14, 2023 – August 18, 2023)

Hindalco closed the previous week on a negative note losing 4.27%.

Technically, Hindalco share price will see immediate support at 451.90 and immediate resistance would be seen at 472.00.

If Hindalco share price closes below immediate support of 451.90, then sharp breakdown can be seen. Hindalco share price will see major support at 441.35 for the week.

On the positive side, immediate resistance will be seen at 472.00. Closing above 472.00, Hindalco share price will see a sharp breakout. Major resistance for Hindalco share price will be seen at 481.55 for the week.

Trading range for Hindalco share price for this week should be between 431.80 on down side and 492.10 on up side.

Hindalco Previous Week High: 471

Hindalco Previous Week Low: 450.9

Hindalco Previous Week Range: 20.1 Points

Hindalco share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 492.10
Resistance 2 481.55
Resistance 1 472.00
Support 1 451.90
Support 2 441.35
Support 3 431.80

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