Hindustan Copper Ltd. has recently garnered attention due to its strong financial performance and positive market sentiment.
Stock has broken out above key resistance around ₹240–₹245 with volume support.
Trend: Bullish
Indicators:
RSI ~67 (strong momentum)
MACD positive crossover
Above 50- & 200-DMA
Target Levels (Upside Potential)
Target Level Reason
270 Minor resistance zone (prior supply area)
292–295 Near-term swing high (Feb 2024 levels)
320+ Medium-term breakout target if momentum sustains
Stoploss Levels
Stoploss Type Level
Reason
Tight Stoploss 240 Previous breakout zone
Moderate SL 225 Near 50-day moving average
Positional SL 216 Breakdown confirmation below trend support
Buy on dips strategy around 245 -250 levels
Stock has broken out above key resistance around ₹240–₹245 with volume support.
Trend: Bullish
Indicators:
RSI ~67 (strong momentum)
MACD positive crossover
Above 50- & 200-DMA
Target Levels (Upside Potential)
Target Level Reason
270 Minor resistance zone (prior supply area)
292–295 Near-term swing high (Feb 2024 levels)
320+ Medium-term breakout target if momentum sustains
Stoploss Levels
Stoploss Type Level
Reason
Tight Stoploss 240 Previous breakout zone
Moderate SL 225 Near 50-day moving average
Positional SL 216 Breakdown confirmation below trend support
Buy on dips strategy around 245 -250 levels
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.