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UnknownUnicorn4824761
Nov 29, 2023 3:56 AM

HINDCOPPER DAILY CHART Long

HINDUSTAN COPPERNSE

Description

HINDCOPPER DAILY CHART

Breakout @ 165 Target 199

This stock has witnessed an ellipse breakout @ 165, target as projected by MOB.

Its only an observation & not any suggestion.

Comment

CMP 179, HEADING HIGHER

Comment

CMP 188, Book part profit, heading for MOB @ 199.

Trade closed: target reached

Bang on, more than 20% gains. Target hit. That’s the MOB accuracy.
Comments
dilipdu
sir what is make or break ?
UnknownUnicorn4824761
@dilipdu, Either make the target or break it. So usually MOB is used for target projection. Once stock hits it, the level will act as resistance but if the stock has strength it will break that level too & then till will become support. I use technical tools for breakouts & target & I have named them as ellipse & MOB.
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