HINDCOPPER trade ideas
Stock on Radar #6
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 bullish zone, overall indicating a bullish sentiment. Keep on watch.
Hind CopperStocks rising higher with increasing volumes for the past 3 candles on a 15 minute chart. Indicating fresh buying which hinting further upside. Can be looked upon for BTST Calls
I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and loss
Aggressive Buyers Pushing the Stock UP!Hi All…
Greetings!
Today I’m sharing you weekly chart of Hindustan Copper, it has been seen that from few months buyers are very aggressive in this stock. Hopping to see good prices in future.
Thanking You
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
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Happy & Safe Trading
Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
Cup Handle BreakoutBook profits within the first 30 minutes of the market opening
- Try to exit by taking 9-10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 167
Target Price 190
Note:- I am not SEBI Registered This Trade is only educational Purpose
Hindustan Copper LtdIncorporated in the year 1967, Hindustan Copper Limited (HCL) was formed to take over from National Mineral Development Corporation Ltd. It is the first Indian PSU and only vertically integrated copper producing company. HCL is engaged in various processes right from copper mining to the final stage of converting copper into saleable products.