Hindcopper is currently trading at 154.
Stock has given triangle pattern breakout and is above 20 &50 EMA's on weekly timeframe.
immediate support level is 146 followed by 138-124.
Target of 184 is expected.
do follow for regular updates.
Hindustan Copper is the only company which is fully integrated player. From copper mining to copper wires and ropes, it carries out the whole process. With the on set of Renewable energy and power consumption the demand for copper is going to heat up. Add before you miss the bus.
Just my personal views :)
A clear breakout with volumes on the weekly charts. The stock looks good on dips till the retest levels of 160-165 for targets of 195-215 on a positional basis with a stop loss of 145 on weekly closing basis below which it will turn weak.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL...
Hindustan Copper is attempting 12 years breakout on monthly time frame. Can be a good opportunity for long term. Keep on radar. PSU entities are getting very quick momentum also.
Fib Analysis- The stock has given a breakout on the monthly charts. This is again after a decade of consolidation. Hence I will term this as significant. On the daily charts the recent dip to 136 was 38.2% and was an early sign to enter. Since it has a long way to go I reckon it still is a good buy.
RSI- the oscillation of the RSI has now changed from bear to...
Reason for long
a) Entry near 152 level which is consider as pull back and its swing low as sl
b) position sizing need to adjusted to risk not more than 1% of total portfolio
c) Triangle breakout
d) high volume and price spurt
e) QQE support
f) channel support
g) TST set up
h) SL compulsory as indicated in chart
Cup and Handle with Rounding Bottom Breakout.
Buy in dips till 140 with 120 Closing basis Stop Loss.
Target 230, 260 ++
Disclaimer: Only for Educational and Learning Purpose.
Though Cup and Handle breakout done on monthly, momentum didnt kick start. Buying after weekly candle close above 183 is advisable for safe entry or else buy after retracement to the breakout zone of 175.
Target is 320
Note: This is for educational purpose only.
sell > 170.3 to 171.5
sl close above 172.5
easy tg - 167.5
tg2 - 165
Disclaimer : This is my personal analysis for study purpose not intended for trading.
The first lower trend line was broken resulting a change in trend. If you notice carefully on the second trend line, the stock is forming a cup and handle pattern. After the breaking candle of the first resistance, the immediate next candle was the candle with the highest volume ever for the stock. The RSI has just crossed above 60. The RSI also came from...
Kya gajab pattern bana hai bhaiyya.
Formed inside candle & gave breakout of inside candle.looks good for swing trade /short term investment. trading at 162.nearest Resistance is 177. Keep SL at 133.
Target can be
209
239
270
Only for education purpose.
