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.
Regards,
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.
Hindustan Copper Limited is engaged in exploration, exploitation, mining of copper and copper ore, including beneficiation of minerals, smelting and refining. The Company manufactures and markets copper cathode, continuous cast copper wire rod and metal in concentrate. The Company also offers copper concentrate. The Company's by-products include Copper Sulphate, Sulphuric Acid, Reverts, Anode Slime (containing gold and silver) and Nickel Hydroxide. The Company's Copper Sulphate is used in electro refining of copper for electrolyte and pesticides (agriculture). The Company's Sulphuric Acid is used in the manufacture of fertilizer and alum, and drying of gases. The Company has manufacturing units in Khetri Copper Complex (KCC) at Khetrinagar, Rajasthan; Indian Copper Complex (ICC) at Ghatsila, Jharkhand; Malanjkhand Copper Project (MCP) at Malanjkhand, Madhya Pradesh; Taloja Copper Project (TCP) at Taloja, Maharashtra, and Gujarat Copper Project, Gujarat.
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HINDCOPPER
