rdkriplani

Hindustan Copper/Copper correlation - Long Trade

Long
NSE:HINDCOPPER   HINDUSTAN COPPER
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.