HINDCOPPER trade ideas
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!
HIND COPPER - MASSIVE RESISTANCE AHEAD after MASSIVE RALLYGap of Rs40/- (162-202) on Weekly Charts formed in 2012.
This gap needs to be filled with massive buying volume for Hind Copper to move ahead.
Retracement to 150/148 imminent. (Fibonnaci 61.8%)
Resistance Zone
Zone 1: 175-178
Zone 2: 202-204
Targets : 220 - 273
SL - 130
Golden Crossover few week back.
RSI - Weekly & Monthly above 70 shows the strength of momentum.
Charts for educational purpose
HindCopper rally explained. Should you invest?
If you look at the chart of HindCopper and other listed copper companies they look like they are on steroids.
Growing Demand for copper why?
As every one want to develop and push electric cars onto the roads, it requires 40 kg of copper for HEV, 60 kg of copper for PHEV etc..,
electric vehicles need more copper than normal combustion engine.
demand for copper is assumed to grow exponentially.
copper prices are on rise why ?
Imagine there is only 200kg of copper on this planet earth. But we need 400kg, then it is called copper "SQUEZZE".
why there is copper squeeze you may ask, because countries wanted to self-reliant, so to be self-reliant they need to build infrastructure build and manufacture need machines, manufacturing units etc.., to do this you need copper.
Above I explained only use in electric vehicles, but we need copper in every electric component, like electric vehicle charges, batteries, solar energy generators, now the latest trend to generate energy from renewable energy source we need hell lot of electric equipments for that they need copper.
on top of it copper is good conductor of electricity and cheaper but anyways now it is becoming costlier.
So should you invest in copper companies.?
well I can't answer that but please think in multidimensional way like what is the future and what is available what is needed. they you can decide whether to invest or not. You can select top copper companies in India, like the leader in copper industry.
I wanted to share the information with you because if found it interesting.
Hope you find the information useful.
last but not least,
disclaimer: I invested in hind copper,In no way I'm recommending you to invest in this stock. please do due research and then take decision.
if you closely look at hind-copper chart the volume and price is increasing meaning smart money already entered.
If you enter hind copper always keep an eye on the company and copper dynamics.
HINDUSTAN COPPER LTD BOOM MUST BE IN YOUR PORTFOLIOwe see on the chart a major breakout happen in the hindustan cooper after 9 year of gap it will cross 170 level we buy for a target of 300 with stoploss of 170 for short term the level you see on the chart
FUNDAMENTALLY BASE COPPER PRICE MAY CROSS 1000 LEVEL WHICH IS 25% FROM CURRENT LEVEL BENEFICIARY HINDUSTAN COPPER AND HINDALCO THESE TWO MUST BE IN YOUR PORTFOLIO
HINDCOPPER, Fresh BreakoutFresh breakout in price on monthly, weekly, daily chart. Gann level sustained. Breakout of parallel channel on daily chart. Pivot Camarilla R3 Sustained. Big bullish marubozu like candle formation seen.Breakout of cup and handle like pattern om daily. Analysis for education purpose only.
Flag BO in HINDCOPPER.Disclaimer :- This is not any buy or sell recommendation. It is just my personal view on this counter. Kindly consult with your financial or investment advisor before investing. Thank you !
There is a Flag breakout generated in HINDCOPPER on weekly chart with Bullish katana candle in this week. and if you check the daily chart then you will see the cup and handle breakout also. There is also a gap of 212 from November 2012. So, may be this time it will be fill this gap. 150 is the support level which is low of this week. and upper levels are 185-200-213-230.
Thank you !!😊