HINDCOPPER SIDEWAYS TO BULLISHNSE:HINDCOPPER
HINDCOPPER
Date : 04 FEB 2022 (2.15)
View: Sideways to bullish
Patter: Double Bottom / Multiple Bottom at 108 110
Finding Trendline Breakout. with multiple support indicates possible range breakout
Range bound Target 1 : 140-150-155-158 + + + +
CMP : 137.30
Stop loss 135
HINDCOPPER trade ideas
Hindustan copper - High probability trade1.Hindustan copper near 200 Ema
2.Major confluence zone
3.Trendline breakout
4.Parallel channel breakout
5.Crossed major resistance of 136
4.RSI looks good
5.MACD above signal line
These kinds of setup have the best risk to reward ratio and should not be missed.
Buy above -136.50
Targets mentioned in the chart above.
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HINDUSTAN COPPER - Breakout above from a triangle formationHINDCOPPER is giving a breakout from a triangle formation. Volumes also increased very well.
Looks like a long trade from current levels with next targets as marked.
DISCLAIMER: this is not a recommendation to trade in this stock. It is just an idea for educational purposes. Take any trade with your own research and at your own responsibility.
FIRING ALL CYLINDERS?The chart is self explanatory from technical point of view
If you look closely it has completed its fibonacci retracement of 50% and tested 200 ema several times with a breakout in the triangle pattern....The red line below is the stoploss (on closing basis) The breakout may fail from the trendline as the market is weak and a sudden fall shall break the stock and again reach below 5-10% so build positions slowly
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HAPPY TRADING :)
Hindustan Copper [possible retracement and breakout]Cooper at resistance. Wait for a retracement before stepping in. Will likely retrace because the 4-2-1 hour timeframes are in overbought zones.
Patience is key!
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!