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.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
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.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。