Hindcopper: Target 200%
Hello Traders!
Hindcopper was trading in a range since 30 Aug. It has also formed a flag pattern as you can see in the chart. It has taken support of 50 ma and bounces multiple times. So now it may give breakout any time.
There fore one can enter
1) CMP for good RR or wait for breakout.
2) SL will be below the support line.
3) 1st target can be kept @270 (100%)
4) Final target can be kept @ 410 (200%)
Hindcopper was trading in a range since 30 Aug. It has also formed a flag pattern as you can see in the chart. It has taken support of 50 ma and bounces multiple times. So now it may give breakout any time.
There fore one can enter
1) CMP for good RR or wait for breakout.
2) SL will be below the support line.
3) 1st target can be kept @270 (100%)
4) Final target can be kept @ 410 (200%)
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