Hindustan Copper Mean (EMA) Diversion on Daily time frame*Hindustan Copper*
Time Frame: Daily
Observation:
* Rounding Bottom Formation
* Mean (EMA) Diversion on Daily time frame
Resistance/Target: 134 155 175 187
Support: 108 102
HINDCOPPER trade ideas
Hindcopper boHindcopper in channel
volume profile analysis expecting breakout
our trading system generate buy btst buy signal we grabbed 2% Loots
now price actions and volumes seems good to go ling
All levels shared for educational purpose only.We are not sebi registered
HIND COPPER Channel breakout HINDCOPPER is in near channel breakout . Draw at your chart and wait for the breakout by a daily Candle closing ( strong)
HINDCOPPER Positional entry levelNSE:HINDCOPPER is trading at best risk and reward level.
Best level to take positional entry is 102.50, will hold for the targets of 107 & 113.50.
My stop loss will 98 only.
Note: This is my personal analysis, only for learning.
Thanks.
HINDCOPPER break it's 200 EMA and resistance HINDCOPPER break it's 200 EMA and resistance with good volume spike if you want to take this trade, then the entry at 114 Stoploss at 107.8 and target at 126
[POSITIONAL] HINDCOPPER LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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[POSITONAL] HINDCOPPER LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
Breakout of flag pattern... expected Hindustan Copper has form classic flag pattern and about to break the pattern. If it break above 119 levels above the flag than it may touch 280 in next 2-3 year....means almost double the money
Hindustan copper break a assending trangle Hindustan copper break a assending trangle after 2 year (1 day time frame )
Hindustan Copper Ltd.
Asc.Triangle Pattern: Monthly Basis
MultiYear Price Trendline Breakout Possibility
Price/Vol. BreakOut
*With Price Up, Trail Stop Loss*
*Book Profit as per Risk Appetite*
*Fundamentally Sound Co*
GoI owned, Only integrated copper producer in India with captive mines, smelter, refinery& rod manufacturing facilities.
Copper Demand/Prices likely to remain elevated on back of Higher Usage required for EVs, Renewable energy sectors. Copper utensil gaining traction too. Will benefit HCL.
Highly Attractive Disinvestment Target: Vedanta, Adani, Tatas, JSW, etc. likely to Bid whenever its initiated.
Increasing Sales/Profitability on Yrly Basis.
Sharp Improvement in RoA/RoE/RoCE to Double Digits for FY22 vs. FY21.
Improving Leverage/TNW/Increasing Cash Reserve.
Higher +ve Ops. Cash Flow.
Stable GOI stake/ FIIs stake Up / DIIs Down.
*Concern:*
Adverse cost structure at its smelting/refining operations, production from these facilities remain minimal at present .
Exposed to International Copper Price movement, putting pressure on Profitability/Cash Flows.
Upcoming large capex.
Elongation in Payable Days.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ/Respected.
Happy Investing :)
hindcopper Monthly trend line breakout that is showing super buy side movement in few days but you need to capture short time buy capturing movement
HINDCOPPERBB upper band breakout at HINDCOPPER.
MACD had crossover.
RSI is above 50 that is around 61.
Already crossover of Double Moving Average.
One can take swing call.
Target - 108
Stoploss - 92
hindustan copper chart hindustan copper daily chart forming diamond pattern closing above 126 target open for 136,148,165 & ath
HINDCOPPER NEAR STRONG RESISTANCEStock has spent time near strong trend line and has a good reaction to the the trend line
RSI has above 60(Good Strenght)
OBV has given breakout prior to price breakout
Stock has outperformed Both benchmark and Sectorial Index in 1 Week and 3 Month
Higher Trade and Delivery Quantity on 13 Jan
Hindustan CopperVery strong support in between 104-114.
One can add near support with SL 94
It may not break 200 day MA on weekly closing basis
W pattern Formation of W pattern on Daily time frame
CmP 139 on 13 jan 22
Target 157
*for education purpose only
