HINDCOPPER trade ideas
HINDCOPPER - Bullishness?HINDCOPPER has given a trendline Breakout and also Resistance Breakout with Good volume in D1 Timeframe. It took support from Multi-Year Trendline which was broken in Feb 2021. One can go long with 50% quantity above day high and wait for a retest opportunity to enter with remaining 50%. Keep your Recent swing low and Trail.
Note : HINDCOPPER is going to release their Q2 Result on August 13.
Disclaimer :- I'm not a SEBI registered analyst. This all are my personal view. Information given is for educational purposes only. Do your own analysis before investing.
@ GPottabathni - Hindustan Copper - Target 120#HindCopper
Expecting results on 28 May 2022. Expecting over 1.3 - 1.4 bn PBT. Anything less will mean bearish sentiment.
Despite, good results, the stock may rise to 120-125 and then clawback. The stock has to move above 130 and sustain there for movement till 200 and above. Else, we may see 68.
This is my personal view based on the chart.
I am invested though at 140.