rk10

Hindustan Copper/Copper correlation - Long Trade

Long
NSE:HINDCOPPER   HINDUSTAN COPPER
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2
Copper is currently trading at multi year highs. But Hindustan copper hasnt moved up even close to the kind of move made in Hindustan Copper .
( Copper price is the yellow line, Hind Copper is the bars)

Expect a move going ahead in Hindustan Copper to match the move in copper . Hind Copper has broken out of a downward trendline. Could next be heading towards 50+

Long at Current price with a SL 5% below purchase price.