HINDCOPPER (M):- 126 CMP, Looks good for more upsides, invalid below (90 WCB SL)
Good for swing trade. Could long for atleast 150. For educational purpose only.
#HINDCOPPER Breakout and Pullback has been done. Also, Bounced back from the historic Support.
HINDCOPPER will gain real strength only after it gives weekly closing above 136 levels. Accumulate only above 136 WCB Target : 200++ Only for educational purpose.
HINDCOPPER has been going through 11 year of parallel channel. this down move is not healthy for the stock in short term. any BO from the channel may be quite a bullish. as of now I would keep my view netural based on short term movement
below 129 can test 121 for one last time to complete retest of BO line. above 129 target 163. strong momentum can happen above 159 for target 245+.
The hind copper stock price has been falling heavily since it reached the ATH mark. However, the time has come to buy the stock based on the following reasons. 1) The demand zone is created by the ABCD pattern 2.24 and 2.414, the price bounced off this zone with huge volumes. 2) The price is near the 200EMA line, which is 117.17 currently. 3)The RSI is making...
hindcopper me ek Flagon paul type se bana hua hai aaj market up kulta hai to buy jaye ge aur t1 160 banaye ge
HINDCOPPER was trading in a channel and has given a BO with good volume! Buy above 135 Target of 160/200 Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.
Dollar Index Double Top,Weaker Dollar Stronger Rupee, Nifty Metal Index Breakout on Short and Medium Term Charts. Stock to Watch out for- SAIL, Hindcopper, Shyam Metallic and Energy
the target above 159 is 247 - 270 -320 support at 129. it will move fast when RSI crosses 60
highest volume since feb 21. strong weekly close. on the verge of super RSI break out. it only need to close above 21 weekly EMA next week which is around 128. copper price is also supportive. targets are 270 - 320
last leg of correction is over with copper price recovering this will recover too. upward confirmation only above 129. the more the correction the sharper will be the recovery
the last leg of correction should be over with its touch and go of 4.02 level. now it has to move fast to close above 4.19 soon to show sign of strength. upward movement confirmation only above 4.36. how many times we did see huge move in a script when such sharpening triangular move were there?
break out happened at 110.5 on mcb. then again retested the same & now shall move up for next target of 321
a conservative short term target of 217 can be set. good amount of volume is required for the up move. let it cross 133 once again with volume & it can run fast vertically (of course copper price need to support). It has tendency to touch 400 in a year.
retested multiyear BO level of 110.5. support at 107 - 86. target 300+ in next two years. need to trade above 129 for confirmation.
renge bound in teh channel... b4 it melts down.... Strategy : .... selll on rise.... continuation of related study attached below... Happy Trading...