Hindustan Copper saw a clear breakout at the lower levels!

Being in the downtrend followed by a consolidation, a clear break out is seen in Hindustan Copper as it crosses levels of 175. It might start a rally in this stock after many years. The positive relative strength supports the signal as well.

交易進行:

Passing through 175 it marched up to levels of 280. Now the further rally can go above 300 as that seems to be the next performing level. As it has gone a long way in a few weeks, it is seeing selling pressure above 280. Let's see how it goes. According to me, it should not close below 257.6 to sustain its momentum.