📊 Price-to-Earnings (P/E) and Price-to-Book (P/B) Ratios

As of February 10, 2025, Hindalco Industries Ltd. has the following financial metrics:

• Price-to-Earnings (P/E) Ratio: 10.73
• Price-to-Book (P/B) Ratio: 1.16

These figures indicate that the stock is trading at approximately 10.73 times its earnings and 1.16 times its book value. A P/E ratio of 10.73 suggests that investors are willing to pay ₹10.73 for every ₹1 of the company's earnings. Similarly, a P/B ratio of 1.16 indicates that the stock is priced slightly above its book value. These ratios can help investors assess the valuation of the company relative to its earnings and assets.

📌 Resistance Levels:

• ₹710 → Strong selling pressure; a daily candle closing above this level could signal an uptrend.
• Above ₹710 → Sellers will likely exit, leading to bullish momentum.

📌 Support Levels:

• ₹640 → First support level; if broken, the stock may fall further.
• ₹620 → Next major support; if it consolidates here, a W pattern or trendline breakout can be a good entry point.
• ₹600 → Strong support zone; if reached, expect a strong bounce or further decline if broken.

✅ Ideal Entry Point:

Wait for a breakout or buy near ₹620-640 with proper risk management.

🚀 Breakout Strategy:

• Buy only if a daily candle closes above ₹710, confirming an upward breakout.
• If buying near support (₹620-640), keep a stop-loss near ₹600.
• Avoid buying near resistance, as the stop-loss risk is high.