Trading near to ATH Breakout, rising volumes indicate healthy breakout from ATH can be seen in this counter.
Looks like 3rd wave of major 3rd wave in near to completion.
Exception some correction before the breakout,
it shall complete 4th minor of 3rd major wave and shall head to complete the 3rd major wave.
Fundamental play can be clearly seen, its has entered in...
Case for if going downward: If it holds current level of 599 it good entry for 1st part. next part entry at 572, s1 551, s2 529, SL 500
Case for if going upward: If it holds current level of 599 it good entry for 1st part. next part entry at 640, trailing SL 600.
Sandur Mangnes: Monthly chart, quite a choppy chart but caught my interest at formation near to channel top in current times, at it's channel top resistance. Let's see with overall metal sector positive sentiment will it break it's channel this time.
Indian Government policies that will increase demand for Copper
1) Make in India
2) 100 smart cities
3) Metro and Railway Projects
4) Aatmanirbhar Bharat in Defence
5) 450 GW target for renewable energy by 2030
5) PLI schemes for the consumer electronic industry
6) Accelerated growth for electric vehicles
Expansion Strategy Of Hindustan Copper Limited