The hind copper stock price has been falling heavily since it reached the ATH mark. However, the time has come to buy the stock based on the following reasons.
1) The demand zone is created by the ABCD pattern 2.24 and 2.414, the price bounced off this zone with huge volumes.
2) The price is near the 200EMA line, which is 117.17 currently.
3)The RSI is making the higher lows and is above 50.
4) The company's profits are increasing but the price keeps falling.
The risk-reward near this zone is attractive. We can keep a stop loss at 99. The target could be 158.
Happy trading :)
This is just for educational purposes.
1) The demand zone is created by the ABCD pattern 2.24 and 2.414, the price bounced off this zone with huge volumes.
2) The price is near the 200EMA line, which is 117.17 currently.
3)The RSI is making the higher lows and is above 50.
4) The company's profits are increasing but the price keeps falling.
The risk-reward near this zone is attractive. We can keep a stop loss at 99. The target could be 158.
Happy trading :)
This is just for educational purposes.
交易進行:
Just took off!
交易進行:
still going great :)
Keep trailing
Keep trailing
交易結束：目標達成
