HINDALCO | Multi-Timeframe Structure Note (Educational)Hindalco Industries LimitedNSE:HINDALCOanandparikh11 Big Picture (Monthly) - Current candle structure reflects late-stage extension rather than fresh expansion. - Momentum remains positive, but rate of change is slowing → a classic exhaustion zone, not a reversal call. - Monthly RSI holding above 60 keeps the primary trend intact, but risk-reward compresses at highs. - Inference: Trend is up, but upside becomes incremental, downside risk expands. Intermediate Trend (Weekly) - Well-defined uptrend channel, price hugging the upper band. - Bearish RSI divergence: price makes higher highs, momentum fails to confirm. - Weekly RSI still above 60 → no trend breakdown, only momentum fatigue. - Inference: This is acceptance at higher levels, but participation is thinning. Trend continuation now needs time or a reset, not aggression. Execution Timeframe (Daily) - Sharp rally followed by narrowing price structure. - Clear negative divergence on RSI near recent highs. - Price extended above short-term averages; volatility expansion already played out. - Shooting Star candle ~4 sessions ago near the highs → first sign of supply activation. - Follow-through weakness confirms selling pressure at elevated levels. - Current Bearish Engulfing candle signals short-term control shifting to sellers. Inference: - Daily suggests mean-reversion risk or range digestion before next directional move. ❌ No fresh longs at current extension. ⚠️ Existing longs: shift from growth mindset to capital protection.