Hindcopperlong
HINDCOPPER go long ifit crosses 178
entry @ 178.10
stop loss: 135.60 (24% risk involved)
target: 260 (46% reward with a risk of 24%)
buy this stock only one can handle risk of 24%
this is my stock idea and i am entering in it with 24% risk, if one cannot handle 24% risk please do not enter into it.
i am no SEBI registered individual , please do your own analysis before entering into it.
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!
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...