HINDUSTAN COPPER LTDViés de alta
Hindustan Copper- Bullish | 25% growth expected
The price was consolidating in an Inverse head and shoulder pattern near the daily support areas.
The price broke out of the neckline, which is the first sign of bullishness. After the breakout on 2/5/23, the next day price even retested the neckline which confirms the pattern breakout. On 4/5 price advanced further and now facing resistance near 108 horizontal resistance and 200dma.
Once daily closes above 200dma and 108.5-109 horizontal resistance, go long.
Stop Loss- Below the lows of breakout candle with some buffer.
Targets
1. 121
2. 131
Remember to keep trailing your stop loss and move stop loss to entry once Target 1 is achieved.
Also, do follow Risk management and Position Sizing.
The price broke out of the neckline, which is the first sign of bullishness. After the breakout on 2/5/23, the next day price even retested the neckline which confirms the pattern breakout. On 4/5 price advanced further and now facing resistance near 108 horizontal resistance and 200dma.
Once daily closes above 200dma and 108.5-109 horizontal resistance, go long.
Stop Loss- Below the lows of breakout candle with some buffer.
Targets
1. 121
2. 131
Remember to keep trailing your stop loss and move stop loss to entry once Target 1 is achieved.
Also, do follow Risk management and Position Sizing.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.