HINDCOPPER trade ideas
Hindcopper - Elliott Wave CountHindcopper - Elliott Wave Count
Hindcopper appears to have completed the correction. Expecting bullish impulse wave with current low at 135 serving as stop loss.
Please exercise caution when trading as this information is for educational purposes only.
NSE:HINDCOPPER NSE:HINDCOPPER1! BSE:HINDCOPPER BSE:HIND1!
Bet on tranding stockSTOP losss 🛑 161
Entry CMP or choice
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements.
3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement.
4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction.
5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions.
6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target.
7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets.
8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors.
9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades.
10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management.
11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy.
12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements.
Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
#HINDCOPPER #HINDZINC #NIFTYMETAL #TATASTEEL #CNXMETAL #HINDALCO#HINDCOPPER
NSE:HINDCOPPER
CMP: 116.75
TP: 137 // 157
SL: 101
TF: <6m
RR > ~2.7 times
Return > ~34%
SAIL
HINDCOPPER HINDZINC NIFTYMETAL TATASTEEL CNXMETAL HINDALCO JSWSTEEL NATIONALUM JINDALSAW JINDALSTEL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Hindcopper: a copper bottomed trade?The counter is looking for a breakout, golden crossover done, above its basic MAs. formed a inverted HandS, need to see a close above 160 on daily basis it to rust to its ATH.
HINDCOPPERBUY
HINDCOPPER
Buy Entry @ 109
Target @ 155
Stop Loss @ 93
Risk Reward 1:5
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
Hindustan copper ready for more points Hindustan Copper Limited is a government-owned mining company engaged in the exploration, mining, and production of copper and associated products. Before entering into a long trade, thorough research and analysis of the company's financials, industry trends, and market sentiment should be conducted.
Hind Copper Channel breakout on weekly time frame. We can expect a targets of 160+ in upcoming session.
Hindustan Copper 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
HINDUSTAN COPPERHINDCOPPER. This idea is based on the Elliott Wave theory. The stock has been under correction and would likely resume the uptrend.
Hind CopperLooks good above weekly candle closure of 115
Good Weekly volumes are seen this week
Resistances and Supports are marked accordingly
HINDCOPPER : Neutral : No trendAs 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.
Hindustan Copper- Bullish | 25% growth expectedThe 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 resistance and 200dma.
Once daily closes above 200dma and 108.5-109 horizontal resistance, go long.
Stop Loss- Below the lows of breakout candle with some buffer.
Targets
1. 121
2. 131
Remember to keep trailing your stop loss and move stop loss to entry once Target 1 is achieved.
Also, do follow Risk management and Position Sizing.
Weekly Breakout - Small SLFollow Strict SL
PS : Only for learning purpose. Please consult your financial advisor before investing.
more value is there , compare with copper futuresee the chart of copper future and then think about this stock for more value that you can create
HINDCOPPER - Weekly AnalysisIn 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.
HINDCOPPERIn 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.
Hindustan Copper (HINDCOPPER)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
HINDCOPPER - LongHindCopper - 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.
HINDCOPPER Hindustan copper MonthlyHindustan 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.
Long In HINDCOPPERThe 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 is only for education purpose only. Kindly do your own analysis before taking entry.
Hindustan copper: breakout soonHindustan Copper is a potential breakout stock on weekly chart analysis. keep it on your radar.
