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HINDUSTAN COPPER LTDHINDUSTAN COPPER LTDHINDUSTAN COPPER LTD

HINDUSTAN COPPER LTD

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HINDCOPPER trade ideas

HINDCOPPER : Riding the Liquidity Zone for a Strong Upswing1. Hindustan Copper Ltd. (HINDCOPPER) Current Price: ₹283.45 Chart Observations: The chart showcases a corrective wave labeled as A-B-C, where Wave (C) has approached a liquidity zone (₹252–₹268). This zone is supported by a deep retracement from the last swing low, aligning with Fibonacci 113%–127% levels, making it a potential demand zone. A Break of Structure (BoS) at the earlier swing low indicates seller dominance; however, the liquidity zone offers a counter-trend opportunity. A sharp upward projection anticipates price moving toward the target zone between ₹364 and ₹378. Buying Levels: First buying opportunity: ₹268–₹283 (inside the liquidity zone). Secondary aggressive entry: On confirmation of a bullish breakout above ₹292. Stop Loss: Place the stop loss at ₹252 . Use a dynamic trailing stop-loss strategy by adjusting it above the next immediate swing low as the stock advances. Target: First Target: ₹364 Second Target: ₹378 Pro Tip to Avoid SL Hunting: Monitor for rejections (e.g., long wicks, higher lows) at ₹268 levels before entering. Wait for confirmation of demand in this zone on shorter time frames like 1-hour or 4-hour charts. Disclaimer: This analysis is for educational purposes only . Investments in stocks and financial markets involve risks, including the loss of principal. Always conduct your own due diligence or consult with a certified financial advisor before making any investment decisions.
NSE:HINDCOPPERLong
by LiveTradingBox
HINDCOPPER 12year Price BreakoutHINDCOPPER has closed above the previous 12Year weekly and Monthly High of 316.5 forming a Rounding Bottom CUP. The Rest of this level is now done and price is ready to move upwards HINDCOPPER has a ATH of 658 this is the Target The Price is currently above the 50EMA and 20EMA a has recently crossed over the 50EMA clearly indication an upward trend Volumes too have been significant for the past 5 weeks and growing in the last three weeks. MAINTAIN A SL of 290 (200EMA) for DAY close
NSE:HINDCOPPERLong
by billpramod
HINDUSTAN COPPER LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:HINDCOPPER
by zenthosh
Hindustan Copper Ltd.(NSE:HINDCOPPER) Your chart shows **Hindustan Copper Ltd.** (NSE:HINDCOPPER) on a **weekly timeframe**, with various technical indicators and levels highlighted. Here’s a breakdown of what I see in the chart: 1. **Price Action & Trend:** - The stock has recently made a significant upward move and is trading around **₹329.80**. - There's a visible breakout around **September 4, 2024**, which has been marked as a **monthly/weekly breakout**. 2. **Key Resistance Levels:** - **2010 old resistance level** is marked around **₹655.60**, indicating a major price resistance from a historical high. - **2012 old resistance level** at **₹415.80** suggests another strong resistance point, which the stock might face in the near term. 3. **Indicators:** - **Moving Averages:** A blue line and a white line, which seem to be two moving averages (possibly 50-week and 200-week) are being plotted. The stock price is above both these moving averages, which indicates a bullish trend. 4. **Volume:** - There was a spike in volume during the recent rally, indicating strong buying interest during the breakout. 5. **Relative Strength (RS) & Net Income:** - The green line in the lower panel shows **Relative Strength** (RS), indicating a dip in the stock’s strength over time. - The blue boxes represent **Net Income**, and it seems to be fluctuating over the quarters, which might affect the stock’s strength. 6. **Support Levels:** - There's a visible support zone near **₹291.75**, which appears to be acting as a strong support level. The price may have tested this level recently and bounced off. 7. **Take Profit & Risk Levels:** - The **91.12% profit target** is marked, suggesting a large upside potential if the stock continues its upward momentum. ### Summary: - **Bullish Momentum:** Hindustan Copper has had a recent breakout, and the price is well above the moving averages, suggesting continued bullish momentum. - **Key Resistance:** Keep an eye on the **₹415.80** level from 2012 and **₹655.60** from 2010, which might act as strong resistance. - **Support:** The **₹291.75** level is an important support zone to watch if the stock retraces. For a deeper analysis of Hindustan Copper based on the chart you've shared, let's break down the potential strategy and key areas to focus on: 1. Trend Confirmation: The 50-week and 200-week moving averages indicate a long-term uptrend since the price is comfortably above both. This signals that the overall trend is still bullish. As long as the price stays above these averages, it’s a positive sign for further upward movement. 2. Support & Resistance Levels: Support at ₹291.75: This zone has been tested before and held, indicating strong buying interest. If the price retraces, this is a good level for re-entry or adding positions. Immediate Resistance at ₹415.80: This is a significant level from 2012, and the stock could face selling pressure here. A clean break above this resistance could propel the stock towards the ₹655.60 level, which is another major resistance from 2010. 3. Breakout Dynamics: The breakout on September 4, 2024 signifies that the stock could be entering a new phase of price discovery. The volume spike during this breakout strengthens the validity of the move. However, price seems to be consolidating slightly after the breakout, suggesting the possibility of a retest of lower levels (potentially near ₹291.75). 4. Risk/Reward Setup: Stop-Loss Placement: Based on the support and trendlines, placing a stop-loss slightly below ₹291.75 seems reasonable to protect against a deeper correction. If the price falls below this, it could indicate a break in the current bullish trend. Target Levels: Short-term Target: ₹415.80 (resistance from 2012). Medium-term Target: ₹655.60 (resistance from 2010). The chart marks a 91.12% profit target, which likely points towards a long-term target near ₹650+. 5. Indicator Insights: Relative Strength (RS): Currently, the RS shows a dip, suggesting that the stock’s upward momentum is slowing down. Watch for any signs of divergence or further weakness in the RS, which could indicate a reversal. Net Income: The blue lines representing net income show fluctuations, which means the company's financial performance is unstable. This might impact long-term sentiment, so checking future earnings reports will be important to confirm that fundamentals align with technical momentum. 6. Potential Trading Strategy: For Long Entries: You could enter now if you believe the recent consolidation is temporary and the stock will resume its upward trend. Alternatively, wait for a retest of the ₹291.75 support or a confirmed breakout above ₹415.80 before entering. For Profit-Taking: A short-term target could be ₹415.80. For more aggressive targets, aim for ₹655.60. Stop Loss: Keep it just below ₹291.75 or under one of the moving averages for safety. 7. Considerations: Fundamentals Matter: Given that net income is fluctuating, pay attention to the company’s financial health, especially in the next earnings report. If the fundamentals worsen, it might affect the stock’s upward momentum. Market Sentiment: Since this is a commodity-based stock (copper), the global demand for copper and commodity prices will play a significant role. Keep an eye on macroeconomic conditions affecting metal prices. **Disclaimer:** The information provided here is for educational and informational purposes only and should not be considered as financial or investment advice. Trading in the stock market, particularly in commodities or volatile sectors, carries a high level of risk and may not be suitable for all investors. Before making any investment or trading decisions, it is important to do your own research, consider your financial situation, risk tolerance, and consult with a professional financial advisor if necessary. Past performance is not indicative of future results, and all investments carry risks, including the potential for loss of principal. The analysis provided is based on technical data and chart patterns, which may not fully capture underlying fundamental factors that can influence market outcomes. You are solely responsible for any trading or investment decisions you make.
NSE:HINDCOPPERLong
by prince13amit
Hindustan copper may break all time highHindustan copper can double from here with in a year. Sl below the trend line. Chart is self explanatory. Please follow the price action & take the trade as per your appetite. The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research. Request your support and engagement by liking and commenting & follow to provide encouragement.
NSE:HINDCOPPERLong
by VivekUshaRastogii
multiyear breackout HCL bullish flag pattern ### Chart Analysis The chart provided is a monthly candlestick chart for Hindustan Copper (NSE:HINDCOPPER). Here's a detailed breakdown: 1. **Price Movement:** - **Current Price:** 332.95 INR, down by 6.45%. - **Historical High:** The chart shows a significant peak around 2012 and another major peak in recent times. - **Support Levels:** Around 18.25 INR (indicated as demand zones). - **Resistance Levels:** Around 620.10 INR and 604.90 INR. 2. **Volume:** - Noticeable volume spikes at points of interest (POI), indicating significant trading activity during those periods. 3. **Technical Indicators:** - **Moving Averages:** The chart includes moving averages (likely 50-day and 200-day), which show trends and potential crossover points. - **RSI (Relative Strength Index):** Indicates overbought or oversold conditions. The RSI trendline shows a bullish pattern since 2013. 4. **Pattern Target:** - A breakout pattern is highlighted with a target of 663.40 INR, which is a potential 108.26% increase from a lower base. ### Trading Plan **Entry Strategy:** - **Breakout Confirmation:** Enter a long position if the price breaks above the resistance level around 620 INR with high volume. - **Pullback:** Consider entering on a pullback to support levels around 300-320 INR, if volume confirms buyer interest. **Exit Strategy:** - **Target Price:** Aim for the pattern target of 663.40 INR. - **Stop Loss:** Set a stop loss below the recent support level, around 260-270 INR, to manage risk. **Risk Management:** - **Position Sizing:** Determine the amount to invest based on risk tolerance and the distance to the stop loss. - **Regular Review:** Continuously monitor the price action, volume, and RSI for any signs of reversal or continuation of the trend. ### Conclusion This chart suggests potential bullish momentum for Hindustan Copper, particularly if key resistance levels are broken. However, it is crucial to manage risk and confirm breakouts with volume before making any trading decisions.
NSE:HINDCOPPERLong
by prince13amit
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