Hindustan Copper - Break breakoutOne stock ive been bullish on an shared on multiple occasions from almost the bottom could see another breakout.
Copper just broke out to a decade long high but this stock is still lagging in a big way...
Long at CMP for a triple digit target.
Keep a deeper than usual SL to avoid getting stopped on a shakeout.
Trade ideas
Invest Now HindcopperAll level mentioned on chart.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. If you check all previous charts, you will understand how beautiful price action trading is and how one can become independent trader by following some simple rules.
Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Hindustan Copper/Copper correlation - Long TradeCopper is currently trading at multi year highs. But Hindustan copper hasnt moved up even close to the kind of move made in Hindustan Copper.
(Copper price is the yellow line, Hind Copper is the bars)
Expect a move going ahead in Hindustan Copper to match the move in copper. Hind Copper has broken out of a downward trendline. Could next be heading towards 50+
Long at Current price with a SL 5% below purchase price.