HINDCOPPER trade ideas
HINDUSTAN COPPER (LONG)HINDUSTAN COPPER took support at 200 EMA and maintaining above it.
good volume seen in this.
BUY near 113 to 118
SL 107
TGT 136 - 159 - 172 - 184
Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
AnalysisHind copper Right shoulder base ready || it's time to avg or ride 10 points .. trade as per your caliber
Hindustan Copper available at 45% discount from 52 week highHi All,
As we can see from chart, we have couple of reasons to accumulate this stock.
Trend line support
Fibonacci support
Trading Above 50 and 200 day moving average
Increase in volume
RSI is showing strength
Ready for breakout
Positive news - Vedanta plans to buy stake in Hindustan Copper
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Hindcopper 1D timeframe 40 % returns opportunity going long1.Weekly time frame major support at 50 % fibnocci level
2. Double bottom(DB) at that level in 1D time frame it has been breached V
3. Major trendline was broken
4. If price comes back to give a retracement at golden ratio of fib 1.618
5. We may go long with agressive limit order at 130.5 which would give a 2618 tradding oppurtunity
6. Target may go at retest of highs
7. Stop loss 1 ATR below the DB around 101 and target at highs of 187
8. Risk reward is almost 1:2 with 40 % returns
All the good luck...
Multiyear breakout, pullbackAs mentioned Hind copper BO'd sometime ago, pulled back and now is moving up again, but more interestingly the volumes at which it has been trading in last few months is HIGH...which is a good sign...it has still got steam and one can expect more upside. targets marked...mind you the stock has fallen from its highs of 600+.. This is an idea, not a recommendation to buy or sell.
Hind Copper- Swing OpportunityA good Swing Trading Opporunity
Trying to catch the reversal
Everything explained in video
(Only for educational purposes, not a trading advice. I am not a Sebi registered analyst)
HINDCOPPER wave 3 started 0.618 retracementbullish divergence within wave2
retracement till 0.5
possible reversal with targets of 1 & 1.618
Investment Opportunity In HINDCOPPERInvestment Opportunity In HINDCOPPER with very good potential target.
Triangle Pattern BreakoutBreaking out the triangle with good volumes and relative strength is positive too.
Hindcoper Hindcoper breakout near 115 and good move 115 to 180 again come near 115 and retest breakout range now trade at 124 sharply upmove possible in coming days target 150 160 180+++ sl 110 Closing basis
Analysis according monthly chart (horizontal lines touch and bounce)
HINDCOPPER- 6 years BO + retestEnter on retest - 135
Stop loss- close below 109
Target- 657
Risk:Reward - 1:16
HINDUSTON COPPER EQUITY levels ...27/07/2021 (D candle) HINDUSTON COPPER EQUITY levels ...27/07/2021 (D candle)
HINDUSTAN COPPERHindustan Copper Limited (HCL), a public sector undertaking under the administrative control of the Ministry of Mines, was incorporated on November 09, 1967. It has the distinction of being the nation’s only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products. The company markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid.
Business area of the company
Hindustan Copper is engaged in the business activities ranging from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products. The company markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime (containing precious metals), copper sulphate and sulphuric acid.
Products offered by the company
Continuous Cast Copper Rod
Copper Cathode
Copper Concentrate
Copper Sulpahte
Sulphuric Acid
Reverts
Anode Slime
Nickel Cathode
Awards and Accolades
Hindcopper👉Hindcopper is making same patterns again and again.
👉Flag is broken now wait for the retest to get positions.
👉 Market view- Bullish.
👀Keep an eye👀
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😊Happy Trading 😊
Note:Patience is a key to success.
Disclaimer: This is my personal analysis for educational purpose. I am not sebi registered. Do your analysis before taking a position. I am not responsible of any profit or loss.
