1.Hindustan copper near 200 Ema
2.Major confluence zone
4.Parallel channel breakout
5.Crossed major resistance of 136
4.RSI looks good
5.MACD above signal line
These kinds of setup have the best risk to reward ratio and should not be missed.
Buy above -136.50
Targets mentioned in the chart above.
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Hindustan copper on a daily chart seems to be forming heading & shoulder pattern. The neckline is forming at 108-110 which has been a strong support line, The 1st shoulder, than the head bigger than the shoulder & now seems forming the 2nd shoulder all looks perfect for H&S pattern. HC has taken support 3 times at the same neckline level in past 5 months. If forms...
Hindustan Copper had given a breakout after forming a VCP.. Now, it's pulled back and is reversing. It has broken the upper trend line on the 75 min. chart. Offers a good, low risk entry option at this level.
Breakout from Cup and Handle will take the price higher in the predicted trajectory. Simple Price Action Analysis :-)
Stop loss of 150
Expected 1st short term target - 200, followed by 215/217 levels that can be seen in next 1 to 1.5 months
- The view expressed here are my personal views. I am publishing this for my own records and what I see...