Invest in PSU- HINDUSTAN COPPER LTD

HINDCOPPER

Incorporated in the year 1967, Hindustan Copper Limited (HCL) was formed to take over from National Mineral Development Corporation Ltd. It is the first Indian PSU and only vertically integrated copper producing company. HCL is engaged in various processes right from copper mining to the final stage of converting copper into saleable products.

Talking about the financials, it is supposed to give a good breakout, you can find this break on weekly as well as monthly time frame. Today (25/07/23) it has gone up by 5%. Now question stands, what to do?

Scenario 1. One can buy after analyzing his risk profile, if you are comfortable to buy on breakout; you can.
Scenario 2. Let it break and wait for the retest, nearest resistance is around 131-135, it can face resistance in that level and if it does; it will come down to 120-122 for retest, then also one can buy.
Depending on your risk profile you can trade.



Kindly Note :- All trades/analysis are for educational purpose.
Chart PatternsTechnical IndicatorsTrend Analysis

Also on:

Disclaimer