HINDCOPPER trade ideas
Pullback after a VCP Pattern Hindustan Copper had given a breakout after forming a VCP.. Now, it's pulled back and is reversing. It has broken the upper trend line on the 75 min. chart. Offers a good, low risk entry option at this level.
Hind Copper-Breakout and retestHindustan Copper can move to 400+. Breakout and Retest. Please check monthly chart for more details.
Stock for tomorrow Buy above 173.2 for 177.5 (intraday)
Sell below 164.10 for 151 (positionally)
Decesnding triangle pattern
HIND CopperBuy-165-167
SL-Below !50 Closing Basis
Target-191-201-210
Positonal Short Term Trade.
Selling Pressure in Copper Futures IS About To End..
Accumulate This Gem..
HindCopper Symmetrical Triangle Symmetrical Triangle seems to be forming as well as lower volumes.
Rising Channel.
RSI Divergence visible.
Breakout from triangle could be a good move.
200+ target
Follow for more.
HINDUSTANI COPPPEERTAKING SUPPORT OF TRENDLINE LOOKING GOOD ALSO OF PREVIOUS HIGH LONG POSTION CAN BE TAKEN
HIND COPPER --- Pure Golden stock ?After good move now this stock is giving a retest to its support level.
carefully observe near 165 levels
cup and handle in hcpr with successful retestSuccessful breakout and retest
Invested with avg=140
Not a recommendation.
use your own studies parallely
Hindcopper - Taking support !!Hindcopper seems to be taking support at 165 (previous resistance's). Hoping it would go up from here.
HINDUSTAN COPPER - Cup and Handle, Short TermBreakout from Cup and Handle will take the price higher in the predicted trajectory. Simple Price Action Analysis :-)
Stop loss of 150
Expected 1st short term target - 200, followed by 215/217 levels that can be seen in next 1 to 1.5 months
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
HIND COPPER - MASSIVE RESISTANCE AHEAD after MASSIVE RALLYGap of Rs40/- (162-202) on Weekly Charts formed in 2012.
This gap needs to be filled with massive buying volume for Hind Copper to move ahead.
Retracement to 150/148 imminent. (Fibonnaci 61.8%)
Resistance Zone
Zone 1: 175-178
Zone 2: 202-204
Targets : 220 - 273
SL - 130
Golden Crossover few week back.
RSI - Weekly & Monthly above 70 shows the strength of momentum.
Charts for educational purpose
Hindustan Copper-BullishSimple Price action and chart analysis, the price action entered a cup and handle from a bullish flag, forming a bullish flag last week. Today's gap was prominent resulting in a good break. MACD is indicating bullish ahead.
Trade wisely...
HindCopper rally explained. Should you invest?
If you look at the chart of HindCopper and other listed copper companies they look like they are on steroids.
Growing Demand for copper why?
As every one want to develop and push electric cars onto the roads, it requires 40 kg of copper for HEV, 60 kg of copper for PHEV etc..,
electric vehicles need more copper than normal combustion engine.
demand for copper is assumed to grow exponentially.
copper prices are on rise why ?
Imagine there is only 200kg of copper on this planet earth. But we need 400kg, then it is called copper "SQUEZZE".
why there is copper squeeze you may ask, because countries wanted to self-reliant, so to be self-reliant they need to build infrastructure build and manufacture need machines, manufacturing units etc.., to do this you need copper.
Above I explained only use in electric vehicles, but we need copper in every electric component, like electric vehicle charges, batteries, solar energy generators, now the latest trend to generate energy from renewable energy source we need hell lot of electric equipments for that they need copper.
on top of it copper is good conductor of electricity and cheaper but anyways now it is becoming costlier.
So should you invest in copper companies.?
well I can't answer that but please think in multidimensional way like what is the future and what is available what is needed. they you can decide whether to invest or not. You can select top copper companies in India, like the leader in copper industry.
I wanted to share the information with you because if found it interesting.
Hope you find the information useful.
last but not least,
disclaimer: I invested in hind copper,In no way I'm recommending you to invest in this stock. please do due research and then take decision.
if you closely look at hind-copper chart the volume and price is increasing meaning smart money already entered.
If you enter hind copper always keep an eye on the company and copper dynamics.
