HINDCOPPER trade ideas
HINDCOPPER - Crucial level - Breakout or BreakdownHINDCOPPER is at a very critical level.
Observations:
1. Trading post a W pattern formed in 2 months. Breakout didnt happen yet.
2. A broadening channel is formed at the neck level of the W pattern
3. There is a 10 Months trendline which was hit last week and currently there is a pullback
4. Price is also just below the 200MA - Again there is pullback at this level.
Collectively there is no significant direction indicated at this point of time. But a strong breakout can be expected after further consolidation. Need to watch the overall world market sentiment also.
Will keel posted.
Is Hindcopper ready to break??Hello everyone
I am very bullish on Hindcopper because when market is falling hindalco still bullish and according to my analisys you can see bullishness in it.
it is creating a double bottom and loaded it self to fire .
comment bellow if you need else knowledge.
This is mine own research do yours as well
My research and opinions should not be consider as an advice or tip
Thanks for now
Hindcopper: Target 200%Hello Traders!
Hindcopper was trading in a range since 30 Aug. It has also formed a flag pattern as you can see in the chart. It has taken support of 50 ma and bounces multiple times. So now it may give breakout any time.
There fore one can enter
1) @cmp for good RR or wait for breakout.
2) SL will be below the support line.
3) 1st target can be kept @270 (100%)
4) Final target can be kept @ 410 (200%)
🎯 PATTERNS WITHIN A PATTERN 📊NSE:HINDCOPPER
🔴Pattern 1 - FALLING WEDGE
🔴Inside the "Falling wedge" pattern we can identify 2 continuous "W patterns"
🔴Both the Wedge and W pattern 2 needs to give a break out so that this script may have a good probability to become bullish in near future.
🔴BUY ONLY AFTER THE BREAK OUT HAPPENS. BETTER TO BE BUYING AT PULLBACK.
🔴BUY LEVEL - 132
🔴TARGET 1 - 152
🔴TARGET 2 - 170
🔴STOP LOSS - 120
🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
SWING TRADE - R:R - 1:2 - HINDUSTAN COPPER (NSE : HINDCOPPER)Potential Opportunity as Swing Trade in NSE:HINDCOPPER and also predicting positive for long term investment.
SWING TRADE - RISK TO REWARD - 1:2
ENTRY - 128
TARGET - 148
STOP LOSS - 118
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #hindunilvr #riskrewardratio
Head & Shoulder pattern in making for Hindustan copper?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 H&S, will it break or reverse?only time will tell..wait & watch
#HC #HINDuUTAN COPPER # Head&shoulder
Discl : Invested. Not a reco to trade, chart for education purpose only.