Hindalco: MACD Recovery Supports Price Rebound

Hindalco Industries , HINDALCO is attempting a recovery after finding support in the ₹870–890 zone during late October. Price has rebounded sharply towards ₹944 and is now trading above the slower moving average near ₹933, while approaching the faster moving average near ₹958. This places the stock at an important short-term decision area. The coloured MACD has turned positive after the recent base formation. The MACD line has moved above the signal line and the histogram is green, showing that upside momentum is improving. The expanding positive histogram supports the rebound, although price still needs to clear the fast moving average to confirm stronger trend continuation. The ₹958–980 zone is the immediate resistance area. A sustained close above it can strengthen the recovery and bring ₹1,020–1,030 into focus. On the downside, ₹933 is the first moving-average support, followed by ₹900. As long as Hindalco holds above the slower average and the MACD histogram remains positive, the recovery structure stays constructive.