Hindustan Copper: Charting a Fresh Rally After Breakout
Mis à jour
📈 **Weekly Time Frame Analysis:**
Sharing the weekly chart of Hindustan Copper, a stock that personally appears quite promising. Here's why:
1. Fresh Breakout: Witness a new breakout on the chart, signaling a potential bullish trajectory.
2. Retest at 197: Notably, the price (197) has been retested in the daily time frame, adding to the positive outlook.
Key Observations:
- Persistent Resistance: The stock had long-standing resistance from a trend line, which was convincingly broken in Feb 2021.
- Rally and Retest: Following the breakout, a substantial rally ensued, and the stock retraced to touch the trend line, confirming it as a retest.
Anticipating a New Rally:
Given these patterns, the stock seems poised for another potential rally. What are your thoughts?
Sharing the weekly chart of Hindustan Copper, a stock that personally appears quite promising. Here's why:
1. Fresh Breakout: Witness a new breakout on the chart, signaling a potential bullish trajectory.
2. Retest at 197: Notably, the price (197) has been retested in the daily time frame, adding to the positive outlook.
Key Observations:
- Persistent Resistance: The stock had long-standing resistance from a trend line, which was convincingly broken in Feb 2021.
- Rally and Retest: Following the breakout, a substantial rally ensued, and the stock retraced to touch the trend line, confirming it as a retest.
Anticipating a New Rally:
Given these patterns, the stock seems poised for another potential rally. What are your thoughts?
Note
Hindustan Copper Shines: Notches Remarkable 20%+ Return in a Week!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.