First there was a Huge in Steel Prices, then - Copper , Rubber, now in Textile too(partly due to flood in Indonesia & nearby countries).
Hence, to encash such cycles one should have caught such cycles during the starting. Else may get trapped in highest levels.
Additionally, Copper price can further rise in upcoming next 2-3 months due to fresh lock-downs in many part of China (because of Delta variant spread).
But before investing in such stock, One must be mindful that it is already 5-6x from the march bottom & the cyclical nature of the stock too.
Having understood the risk, One can enter in Hind Copper once the triangle broke & does the retest. or even the safest bet is weekly closing above 170 level.
Disclosure: I would not invest in this at these levels due to high downside risk from here.
(already invested in 39-40 levels. for me its just hold now)