LONG $NSE:HINDCOPPER

A clear breakout with volumes on the weekly charts. The stock looks good on dips till the retest levels of 160-165 for targets of 195-215 on a positional basis with a stop loss of 145 on weekly closing basis below which it will turn weak.

NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.

Trade closed: stop reached:

METAL SECTOR HAS BEEN UNDERPERFORMING AND THE BREAKOUT HAS FAILED HERE AS WELL

Comment:

THE STOCK AFTER TRAPPING BUYERS HAS GIVEN A GOOD MOVE AND IS NOW LOOKING TO EXTEND IT. IF IT BREAKS THIS WEEKS HIGH THEN LEVELS OF 200 CAN BE SEEN

NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.

Comment:

HIGH OF 202.9