Hindalco share price forecast 2014

Hindalco share price forecast 2014

Hindalco stock daily chart analysis

Hindalco Industries stock on last trading session closed at 141.2 with loss. On daily chart, stock is uptrend with strong buying momentum. From short-term view, stock has major average support at 127 rupee, above it outlook for stock will remain bullish, and strategy will remain buy on dips. On upside 147 and 115 are strong resistances as well as upcoming targets if trend continues. On downside, 140 and 133 are support level. Daily chart indicators patterns are mixed suggesting consolidation and correction ahead.

Traders here watch for correction and then enter long with strict closing basis stop loss below 127 for target 147 and then 155 in next 1 to 3 month period.

Hindalco cement stock weekly chart analysis

Hindalco Industries stock this week showing loss. Weekly chart stock price trend and momentum both are bullish. From medium term view, stock will face strong supply from market at 146-rupee level and then 170-rupee level. On downside, 121 and 96 rupee are strong support zone. 126 rupees level is major average support from medium term view and above it, traders and investors must keep bullish view for stock and follow buy on dips strategy. Weekly chart indicators pattern are bullish but showing topping out pattern so expect stock to test support zones ahead because of correction.

Medium term traders and investors above 126 keep long view for target 146, which is already achieved, and above it 170 rupee in next 6-month period.

Hindalco cement stock monthly chart analysis

Hindalco Industries stock in last 6-month period had given 23% returns to investors and outperforming the market. Markets in last 6 month are rallied by 13-14%. From fundamentals and valuation view, hindalco is must buy stock and must be in your long-term portfolio. 70-90 rupee levels was best buy zone which is last seen and from where this rally was triggered. 24-40 rupee was undervalued zone, which was last seen in 2008 crash. On upside stock above 120 rupee will remain bullish for long-term investors. 171 rupee is 12-month target level and 225 rupee is 3 to 5 years target zone for hindalco.

Hindalco company description

Hindalco Industries Limited is an aluminum rolling company. The Company is a producer of aluminum and copper. The Company’s aluminum units encompass the gamut of operations, from bauxite mining, alumina refining and aluminum smelting to downstream rolling, extrusions, foils, along with captive power plants and coal mines. The Company operates in two segments: Aluminum and Copper. Aluminum consists of hydrate and alumina, aluminum and aluminum product. Copper consists of continuous cast copper rods, copper cathode, sulphuric acid, dap & complexes, gold and silver. The Company’s projects include Greenfield projects and Brownfield projects. Its Greenfield expansion projects include Mahan Aluminum Project, Aditya Alumina and Aluminum Project, Utkal Alumina Project and Jharkhand Aluminum Project. Its Brownfield projects include Primary metal and Alumina capacity.

Hindalco stock fundamental ratios

Range

139.00 – 143.45

52 week

83.10 – 149.80

Open

142.00

Vol.

4.10M

Mkt cap

293.69B

P/E

15.41

Div/yield

1.40/0.99

EPS

9.18

Shares

0.00

Beta

Inst. own

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Updated: 15/05/2014 — 2:25 PM

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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