HINDCOPPER trade ideas
Hindcopper correction is overlast 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
Hindcopper 321 soonbreak out happened at 110.5 on mcb. then again retested the same & now shall move up for next target of 321
Hindustan Copper BreakoutHindustan Copper is having a clear trend reversal breakout at 120 Levels.
CMP 124
SL 114
Target 144
Duration 1-2 Month
Elliot wave Analysis # Bullish ViewHINDUSTAN COPPER, Elliot Wave Outlook
Bullish Seqnce, Daily Chart
MarketCap: 11,546 Cr, PE: 104.52
Confirmation to Buy @ 113 to 114.5 odd levels
Invalidation level @ 109
Swing Target: 125, 132, 156
Holding period: 1 to 20 days NSE:HINDCOPPER
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HINDCOPPERa 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.
HONDCOPPER PRICE IN RANG BIG SUPPORT hindcopper price in chanel have good support,
enjoy trad
enjoy learnig,,,,,,,,,,
HINDCOPPER Is it a Good Time to Buy This StockHINDCOPPER taking support on 200 SMA, Is it a good time to buy the stock
Hind CopperBuy-114-110
SL-105 Below Daily Closing BAsis
The Last Most Level Which Should Not Be Broken..
Target- INvestment Bet.. As Per The Time Given By You..
An Expected Revisit To 110-108 Can Take Place Before The Next Upmove ..
Not Much Space Left At The DownSide..
Hindcopper 300+retested multiyear BO level of 110.5.
support at 107 - 86. target 300+ in next two years. need to trade above 129 for confirmation.
Hindustan Copper - Weekly ChartDownside Target around 90.
HC is in a channel and currently in the C wave of ABC waves.
Long term idea.
After completion of this wave, it can start a bullish rally.
Hind copperrenge bound in teh channel... b4 it melts down....
Strategy : .... selll on rise....
continuation of related study attached below...
Happy Trading...
Hindcopperbreakout level is 145. hopefully it will cross all limits this time & doesn't come down again to test the BO.
targets 250-330. will revisit this chart only above 220.
HInd Copper.....Approaching.... major support zones...
120 - 121 major bounce back zone....
Weekly close below 120 short term investors should re think...
Hind Copper - Downtrend channelHind Copper: Avoid
- Moving in downtrend channel.
- No trade entry till a breakout above the channel and negation of LH-LL pattern.
Only for educational purposes. Not a recommendation.
Falling wedge pattern on Hind CopperWait till breakout with either good volume or Big change % . Good opportunity for Swing traders.
Hind Copper AnalysisCovid has induced an long term commodity inflation cycle.
First there was a Huge inflation in Steel Prices, then - Copper, Rubber, now in Textile too(partly due to flood in Indonesia & nearby countries).
Hence, to encash such cycles one should have caught such cycles during the starting. Else may get trapped in highest levels.
Additionally, Copper price can further rise in upcoming next 2-3 months due to fresh lock-downs in many part of China (because of Delta variant spread).
But before investing in such stock, One must be mindful that it is already 5-6x from the march bottom & the cyclical nature of the stock too.
Having understood the risk, One can enter in Hind Copper once the triangle broke & does the retest. or even the safest bet is weekly closing above 170 level.
Disclosure: I would not invest in this at these levels due to high downside risk from here.
(already invested in 39-40 levels. for me its just hold now)
Hindustan Copper showing bullish Movement Buy at CMP and watch out for candle stick confirmation on 165 with main trgt of 197
MA will now act as a support and shows bullish trend.
Stop loss can be kept around 134 for good 1:2 RR ratio.
