HINDCOPPER trade ideas
MACD Crossover - HINDCOPPER📊 Script: HINDCOPPER
📊 Sector: Non Ferrous Metals
📊 Industry: Mining / Minerals / Metals
Key highlights: 💡⚡
📈 Script is trading near at middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages will give crossover.
📈 Right now RSI is around 59.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 281
🟢 Target 🎯🏆 - 306
⚠️ Stoploss ☠️🚫 - 269
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
HINDCOPPER AnalysisAfter today's massive bloodbath, we've got HINDCOPPER on our radar for next 2-3 weeks.
So the view after the bloodbath today, i.e. on 13th March 2024, the view is clear that we're looking for fundamentally strong companies that are available at cheaper valuations.
We need to buy companies that are trading at a PE that is lower than the industry PE, that are running close to their Book Value, are not overvalued, both fundamentally and technically, and ofcourse we need to stay cautious in Small-Mid Cap segment.
So here, we have HINDCOPPER.
CMP- 234.90
Target- 275. (Ideally a zone, between 270-280)
Stoploss- A little below our buy zone, at 225.
Duration- 2-3 Weeks.
Risk-Reward is a massive 1:4!
It's really difficult to get such good trades in a crashing market like this.
Let's pray for this to work
Let me know what you think.
HINDCOPPER: 🔍 Technical Analysis Update for NSE:HINDCOPPER - Week Starting January 23, 2024
📈 Entry Point: Consider entering the trade if the price crosses ₹275.40.
🎯 Target: Aim for a first target at ₹289.45.
🛑 Stop Loss: Set your stop loss at ₹230.60 to manage risk.
💹 Indicators Summary:
Parabolic SAR: Buy signal initiated around ₹245.00.
EMA & MA Crossover: Bullish signal at ₹264.05.
MACD: Awaiting crossover; signal at 18.42, MACD at 14.69.
Stochastic RSI: Buy signal present; K at 14.90, D at 8.78.
%R: Neutral at 43, indicating potential upward movement.
Fisher Transform: Bullish signal at the lower band; Fisher value at 0.72.
🚦 Overall Outlook: The market indicators suggest a cautiously optimistic trend towards bullishness, with key signals aligning for a potential upward movement. Monitoring the MACD crossover and %R values will be crucial in the coming days.
⚠️ Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
#HindustanCopper #TechnicalAnalysis #StockMarket #Investing #TradingStrategy #FinancialMarkets
🌟 Stay updated and invest wisely! 🌟
Hindustan Copper: Charting a Fresh Rally After Breakout📈 **Weekly Time Frame Analysis:**
Sharing the weekly chart of Hindustan Copper, a stock that personally appears quite promising. Here's why:
1. Fresh Breakout: Witness a new breakout on the chart, signaling a potential bullish trajectory.
2. Retest at 197: Notably, the price (197) has been retested in the daily time frame, adding to the positive outlook.
Key Observations:
- Persistent Resistance: The stock had long-standing resistance from a trend line, which was convincingly broken in Feb 2021.
- Rally and Retest: Following the breakout, a substantial rally ensued, and the stock retraced to touch the trend line, confirming it as a retest.
Anticipating a New Rally:
Given these patterns, the stock seems poised for another potential rally. What are your thoughts?
Hind Copper-Astrong play in Metal SectorHindustan Copper, a leading Indian public sector undertaking in the copper industry, is poised for strong potential for growth. The company has recently acheived a significant milestone, reaching a price level not seen in 11 years. This upward trend is supported by robust momentum and healthy trading volumes. Hindustan Copper is therefore worth close watching by investors seeking opportunities for exceptional gains in the near future.
Hindustan Copper
Hindustan Copper making higher highs with support at the white horizontal line drawn. New era of bullish may start.
Suggestion: Watch levels of 231 and 245 tomorrow and be watchful at 12.08. If you can wait till this candle it will be the best.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Hindustan Copper LTDHindustan 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 :)
LONG $NSE:HINDCOPPER 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 ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.