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HINDALCOMARKET OUTLOOKSTOCK OUTLOOK

Hindalco Outlook for the Week (January 29, 2024 – February 02, 2024)

Hindalco
Hindalco
Hindalco closed the previous week on a negative note losing 5.68%.

Technically, Hindalco share price will see immediate support at 546.53 and immediate resistance would be seen at 578.93.

If Hindalco share price closes below immediate support of 546.53, then sharp breakdown can be seen. Hindalco share price will see major support at 525.87 for the week.

On the positive side, immediate resistance will be seen at 578.93. Closing above 578.93, Hindalco share price will see a sharp breakout. Major resistance for Hindalco share price will be seen at 590.67 for the week.

Trading range for Hindalco share price for this week should be between 514.13 on down side and 611.33 on up side.

Hindalco Previous Week High: 570

Hindalco Previous Week Low: 537.6

Hindalco Previous Week Range: 32.4 Points

Hindalco share price support and resistance for the week (January 29, 2024 – February 02, 2024)

Level Type Value
Resistance 3 611.33
Resistance 2 590.67
Resistance 1 578.93
Support 1 546.53
Support 2 525.87
Support 3 514.13
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