Result Near By Fallen Almost 50% Looking For Retrenchment To and Bullish Pennant Pattern in the making in hourly chart looking strong targets are mentioned below...
Buy : 49
Target : 60/65
Long Term target : 100 / 120/ 150
Stop-loss : 42
Personal Invested For Long Term So Take A Financial Advice...Company is good and dividend paying and results re tremendous...
HindCopper got rejected from the zone 73-74 & the fall was sharp- so any move below 65 & sustains- shall activate next tranche of fall. Rising Trendline later could activate further fall in HindCopper.
Abhishek H.Singh, CMT
Above 200 EMA- HindCopper will set up the stage & going beyond 125- Double bottom is in place- giving us a target equal to 125-42 = 83 - Above 125 mark- so ideally it should go in the zone 200-210 above 125.