HINDUSTAN COPPER - Cup and Handle, Short Term

Breakout from Cup and Handle will take the price higher in the predicted trajectory. Simple Price Action Analysis :-)

Stop loss of 150
Expected 1st short term target - 200, followed by 215/217 levels that can be seen in next 1 to 1.5 months

Disclaimer -

- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.

TIA!

Comment:

Gap filled and retest completed at 165 levels- 2 big red candles and volumes have been low. We can safely assume that recovery from here should clear the doubts of any trend reversal!

Keep in mind your SL considering the current volatility in the market. If you're LONG on this stock, then don't worry, it's just a small bump!

Comment:

Restest to 165 levels and recovery confirmed. All set for next target of 205, 212, 217

Trade active:

Still active. This will see an up-move to the mentioned levels once we see some move in Metal index. Plus this is a long term play for me. I am using the dips to add more to my portfolio and when it starts moving, I will pyramid