HINDCOPPER trade ideas
HINDUSTAN COPPER LTD - Keep an Eye + Double Bottom Pattern 📊 Script: HINDCOPPER (HINDUSTAN COPPER LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY METAL
📊 Sector: Commodities Metals & Mining
📊 Industry: Non - Ferrous Metals Copper
Time Frame - Daily
Script is forming Double Bottom Pattern as shown in a chart.
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Script may give breakout of Double Bottom Pattern.
📈 Current RSI is around 65.
📈 One can go for Swing Trade ONLY ABOVE 125.
BUY ONLY ABOVE 125
⏱️ C.M.P 📑💰- 123.40
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Hindustan Copper Ltd.Hindustan Copper Ltd.
ABOUT
Incorporated 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 the 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.
KEY POINTS
Only Indian Company mining Copper
Hindustan Copper Limited(HCL) is the only Public sector undertaking that is engaged in producing Copper right from mining to beneficiation, smelting, refining, casting of refined copper metal, and converting it into saleable products.
Unique features
HCL is holding a lease of more than 80% of the country's copper reserves. The company has well-developed infrastructure facilities, vertically integrated operations & wide distribution network with a well-established customer base.
Products
HCL's main products are 1) Continous Cast Copper rod, 2) Copper Cathode, and 3) Copper Concentrate.
1)Copper Sulphate, 2)Sulphuric acid, 3) Anode Slime, 4) Nickel hydroxide, 5) Reverts are its By-products.
Plant Location
HCL has five Plants located at Taloja in Maharashtra, Jhagadia in Gujarat, Ghatsila in Jharkhand, Malankjand in Madhya Pradesh & Khetrinagar in Rajasthan.
Installed Capacity
HCL's combined refining capacity is 68,500 MT per annum for copper cathode and its smelting capacity of 18,500 MT per annum. Its installed capacity for wire rods at the Taloja plant is 60,000 MT.
Revenue break up - Geography-wise
For FY20, Domestic sales - were 43% and Export sales -were 57% as against FY19, Domestic sales -were 52%, and Export sales - were 48%.
Exports sales - Product wise
During FY20, HCL's product wise exports sales was:- Copper concentrates- 94%, Copper reverts- 2%, Anode slime - 4%
Joint ventures
Khanij Bidesh India Ltd (KABIL) is a JV company between NALCO, HCL & MECL with the objective to identify, acquire, develop, process and make commercial use of strategic and other minerals in Overseas locations with the main intention to boost "Make in India" campaign. HCL has a 30% stake in the JV.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Aggressive long in FUT.
2. Call writers are unwinding their position from the 120 Strike price.
3. Copper prices are increasing in MCX.
FUNDAMENTAL ANALYSIS.
Sector: Non-Ferrous Metals
Industry: Mining / Minerals / Metals
1. Market Cap - ₹ 11,749 Cr.
2. Stock P/E - 34.2
3. Price to book value - 5.95
4. Debt to equity - 0.27
5. Free Cash Flow - ₹ 829 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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HINDCOPPER IS DEFINITELY A BUY AT CURRENT LEVELBUY HINDCOPPER - 100-110
Stop loss - 80
1st target - 158
2nd target - 190
breakout of triangle pattern with retest also done
As all metals look for new high and even metal index is good on chart
The Chart Is Also Self explanatory
Disclaimer : This Post only for educational purpose, Do Your own Analysis Before buying at your own risk
Best Stocks for swing tradingHCL's main products are 1) Continous Cast Copper rod, 2) Copper Cathode, 3) Copper Concentrate.
1)Copper Sulphate, 2)Sulphuric acid, 3) Anode Slime, 4) Nickel hydroxide, 5) Reverts are its By-products.
PROS:
Company has reduced debt.
Company has been maintaining a healthy dividend payout of 19.8%.
Company has delivered good profit growth of 43.4% CAGR over last 5 years.
CONS:
Stock is trading at 6.04 times its book value
The company has delivered a poor sales growth of 8.64% over past five years.
Company has a low return on equity of -2.26% for last 3 years.
Company might be capitalizing the interest cost.
Promoter holding has decreased over last 3 years: -9.91%.
Finally My view :
This stock is technically ready to move upside volumes are high.
As a swing trader and momentum trader we may go long.
Note: This is only for education purpose. Not for buy and sell.
I am not SEBI registered.
HINCOPPERNSE:HINDCOPPER
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Breakout of 14-month-old trendline and retest done!The stock gave a 14-month-old trandline breakout last week and retraced. Today it has bounced sharply on 200 ema and closed above the trendline.
Buy intraday above 115 and positionally on closing above 117.8 for further upmove.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar