HINDUSTAN COPPER - Cup and Handle, Short TermBreakout 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
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
Hindustancopper
Hindustan Copper LtdDaily Chart pattern
Flag Breakout
Reverse from Long term Resistance
Positive Volume Buildup
Can give good 20 to 30% Return in few days
PROS
Company is expected to give good quarter
CONS
Stock is trading at 12.16 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -3.91% over past five years.
Company has a low return on equity of -7.87% for last 3 years.
Company might be capitalizing the interest cost
Earnings include an other income of Rs.45.17 Cr.
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis