Gap of Rs40/- (162-202) on Weekly Charts formed in 2012. This gap needs to be filled with massive buying volume for Hind Copper to move ahead. Retracement to 150/148 imminent. (Fibonnaci 61.8%)
Resistance Zone Zone 1: 175-178 Zone 2: 202-204
Targets : 220 - 273 SL - 130
Golden Crossover few week back. RSI - Weekly & Monthly above 70 shows the strength of momentum.
Sir, I bought them at 175 Rs. Again I want to add some more shares. Can you pls tell me the entry levels to average. Kindly respond sir
manuvsingh
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@federalMagpie90736 First thing Long Term Up-Trend is Intact. Start Averaging below 162 till 148/150. looks consolidation shall happen for next 40-50 trading sessions.
apexy
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how short can the stock fall?
manuvsingh
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@apexy, Expecting HindCopper to pull back till 150-145 at least.
It will be a sign of testing it's support as per Fibonacci and then it may move up.