HINDCOPPER headed for 122.50 levels, post breakout @ 108.50, CMP 113.80
NSE:HINDCOPPER Do Not Entry without Retest or any Candle with Bullish Signal and keep an eye on Volume also. Volume must be higher then Previous 5 Volume. Target :- 284.35 Stop-loss :- 89.35 ENTRY :- 119.35
HINDCOPPER. This idea is based on the Elliott Wave theory. The stock has been under correction and would likely resume the uptrend.
Looks good above weekly candle closure of 115 Good Weekly volumes are seen this week Resistances and Supports are marked accordingly
As calm as a dead sea. No ripples. No wave. No trend. I believe many investors are stuck at higher levels, they will come as a tsunami at every rise and keep the stock sideways.
The price was consolidating in an Inverse head and shoulder pattern near the daily support areas. The price broke out of the neckline, which is the first sign of bullishness. After the breakout on 2/5/23, the next day price even retested the neckline which confirms the pattern breakout. On 4/5 price advanced further and now facing resistance near 108 horizontal...
Follow Strict SL PS : Only for learning purpose. Please consult your financial advisor before investing.
see the chart of copper future and then think about this stock for more value that you can create
Reason for long a) Channel support b) SL compulsory c) good volume
In the Weekly Chart of HINDCOPPER , we can see that, it has formed a Bullish Hammer at Clone Trendline. We can see a Up move in W Pattern.
In the Daily chart of HINDCOPPER , we can see that, Inverted Head & Shoulder has failed thrice. 100 level looks important but it has also been tested twice. lets see it forms some bullish pattern and goes in upward direction or take the support below 100.
I think this stock will be a multi bagger stock because due to increasing demand of copper for EV's and cables and many other uses of the copper and it is government holding and biggest player in copper of India. DISCLAIMER - IT'S MY STUDY PONTS NOT ANY RECOMMENDATION. THIS IS ONLY FOR STUDY PURPOSE. #stockanalysis #governmentstock
06/01/2023 Hindustan Copper CMP:115.90 Target: 130-145-160 SL: 110 Information is only for study Purpose
HindCopper - It has given breakout on daily chart. Next TGT would be 145, then 155 in near term. Trade cautiously, I will buy on pullback (110-100) or will leave it.
Hindustan copper break out Resistance NSE:HINDCOPPER
Hind Copper closing above 125 Targets of 146, 159, 172
Hindustan copper the monthly chart price and volume say the something, I am bullish in the long term, the volume in the last few month is very high.
The resistance zone is of year 2014 (kindly check monthly chart) . After a failed breakout earlier the stock is headed towards a fresh breakout. This can be seen along with increasing volume. If weekly candle close above 126 this week can go long with target as shown in chart with a SL of low of the weekly candle ( keep some margin below the weekly candle). This...