After a multi-year uptrend concluding in May 2024, Hindustan Copper entered a corrective downtrend. However, a potential reversal has been forming since April 2025, evidenced by a pattern of higher lows and a constructive setup in its short-term Exponential Moving Averages (EMAs).
This shift in sentiment has been confirmed by a powerful +23.5% rally over the past two weeks, backed by immense trading volume. For the uptrend to continue, the stock must overcome two key hurdles: a near-term horizontal resistance and, more importantly, a multi-year resistance trendline dating back to March 2012. A sustained breach of this long-term resistance would be a significant technical event, potentially paving the way for a move toward ₹352. Should the breakout fail, a pullback to the ₹226 support zone is possible.
To be monitored !!
This shift in sentiment has been confirmed by a powerful +23.5% rally over the past two weeks, backed by immense trading volume. For the uptrend to continue, the stock must overcome two key hurdles: a near-term horizontal resistance and, more importantly, a multi-year resistance trendline dating back to March 2012. A sustained breach of this long-term resistance would be a significant technical event, potentially paving the way for a move toward ₹352. Should the breakout fail, a pullback to the ₹226 support zone is possible.
To be monitored !!
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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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.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.