HINDCOPPER trade ideas
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👀
Overview ✔️
Technicals ✔️
Financials ✔️
Volume ✔️
Fundamentals ✔️
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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.
HIND COPPER ON FIREAS STEEL MARKET IS BULLISH , MINES WERE THE REASON FOR GROWTH OF STEEL INDUSTRIES
HINDCOPPER :::: BULLISHDATE: 30 MAY 2021
INSTRUMENT: HINDCOPPER
TREND: BUY
TIME FRAME: DAY
CMP: 174.05
RISK ENTRY BUY ABOVE -176
BUY ABOVE: 184
STOP LOSS: 164
TGT 01: 197.15
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Hindustan CopperHindustan copper is well driven in upper trend,seems like consolidation period is about to end and it is retesting on the support.
Keep an eye on this stock,
Maybe we can find an opportunity to buy.
Follow for more alerts.
Keep Trading 💪
Disclaimer: This is my personal analysis for education purpose.I am not sebi registered. Do ypur analysis before talking a position.I am not responsible for any profit or loss.
HINDCOPPER - READY FOR BREAKOUTHINDCOPPER IS GETTING READY FOR BREAKOUT, ONCE IT BREAK THE TREND LINE THE PRICE MAY GOES TO 200+ LEVELS.
HINDUSTAN COPPER: Bottom FIshing (Commodities sector)Buy 130-140
Target 170,195
SL 110
POST YOUR QUERY IN COMMENT SECTION
Hindustan Copper Long-Strong Weekly and Monthly momentum Suggested by RSI above 60 on M & W Timeframe
Breakout in Price Supported by:
a) High Volume
b) Breakout in Daily RSI
c) Relative Outperformance to Broad Market ( CNX500 )
d) Leading Market Sector
e) Fresh all time high in Copper MCX
1. Enter Long 172
2. Initial stop loss below 150 on closing basis in hourly timeframe.
3. Trailing Stop with SuperTrend or Adaptive ATR on 120min Timeframe
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Risk Disclosure
DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures , stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains.
If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
Hindcopper Hindcopper broke its 52 week high and looks good to enter
Target is open and stop will be below the trendline.
On a monthly time frame, you can see a swing low of 181 which will act as resistance.
Book timely profits.
Only for educational purposes****
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A Cup and Handle.HindCopper price forming a nice handle with price and volume contraction. If price manages to hold the 10 EMA with a few more tight days, the structure should near completion then.
HindcopperRising wedge on daily looks bearish..
Any upside till 150 should be a selling opportunity..
Pattern invalidates above 150 closing..
Post 150 breakout and this structure predicted becomes obsolete..
HINDCOPPER - Breakout & Re-test structure - Monthly chartThe above analysis is done purely based on price action and chart patterns.
The analysis is done on monthly charts, hence it may take the price few weeks to few months to reach the target.
Logic as well as the trade setup is shown in image itself. The level which was earlier acting as major resistance, may act as major support for price to move up.
Entry can be done at CMP to any pull back. SL can be around 100. Targets are shown in image as well.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
To understand the re-test structure more clearly, check out the ideas linked here - APOLLOTYRE , SCI , SBICARD
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Hindustan Copper - Break out Retest and BounceLooks a good candidate for Retest and Bounce. Will add around 125 and target is 160+. SL is 115.
DISC: Not a SEBI Registered. I post charts for my own study.
Bull Trends projecting upward movementsFirst Charted when it was 86+ ranges and currently if 140 holds, move towards 160-190 is possible. Have a look at the chart :)
