One of my fav scrips. Stock is giving a good opportunity to buy. Follow us on Tgram. Tgram: Stocks 101
Consolidation almost over, good upmove possible
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 Disclaimer - - The view expressed here are my personal views. I am publishing this for my own records and what I see...
Simple Price Action Analysis. Breakout from Cup and Handle will take the price higher.
Daily 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...
Hindustan Copper Ltd. gave a fresh inverse head and shoulders pattern breakout in today's session with huge volumes, stock is expected to continue the rally till 80-85 levels.
Hindustan Copper has given a cup and handle breakout. With a SL of 40, one can go long in this counter for the target mentioned in the chart.