1. Hindustan Copper Ltd. (HINDCOPPER)
Current Price: ₹283.45
Chart Observations:
The chart showcases a corrective wave labeled as A-B-C, where Wave (C) has approached a liquidity zone (₹252–₹268). This zone is supported by a deep retracement from the last swing low, aligning with Fibonacci 113%–127% levels, making it a potential demand zone.
A Break of Structure (BoS) at the earlier swing low indicates seller dominance; however, the liquidity zone offers a counter-trend opportunity.
A sharp upward projection anticipates price moving toward the target zone between ₹364 and ₹378.
Buying Levels:
First buying opportunity: ₹268–₹283 (inside the liquidity zone).
Secondary aggressive entry: On confirmation of a bullish breakout above ₹292.
Stop Loss:
Place the stop loss at ₹252. Use a dynamic trailing stop-loss strategy by adjusting it above the next immediate swing low as the stock advances.
Target:
First Target: ₹364
Second Target: ₹378
Pro Tip to Avoid SL Hunting: Monitor for rejections (e.g., long wicks, higher lows) at ₹268 levels before entering. Wait for confirmation of demand in this zone on shorter time frames like 1-hour or 4-hour charts.
Disclaimer: This analysis is for educational purposes only. Investments in stocks and financial markets involve risks, including the loss of principal. Always conduct your own due diligence or consult with a certified financial advisor before making any investment decisions.
Current Price: ₹283.45
Chart Observations:
The chart showcases a corrective wave labeled as A-B-C, where Wave (C) has approached a liquidity zone (₹252–₹268). This zone is supported by a deep retracement from the last swing low, aligning with Fibonacci 113%–127% levels, making it a potential demand zone.
A Break of Structure (BoS) at the earlier swing low indicates seller dominance; however, the liquidity zone offers a counter-trend opportunity.
A sharp upward projection anticipates price moving toward the target zone between ₹364 and ₹378.
Buying Levels:
First buying opportunity: ₹268–₹283 (inside the liquidity zone).
Secondary aggressive entry: On confirmation of a bullish breakout above ₹292.
Stop Loss:
Place the stop loss at ₹252. Use a dynamic trailing stop-loss strategy by adjusting it above the next immediate swing low as the stock advances.
Target:
First Target: ₹364
Second Target: ₹378
Pro Tip to Avoid SL Hunting: Monitor for rejections (e.g., long wicks, higher lows) at ₹268 levels before entering. Wait for confirmation of demand in this zone on shorter time frames like 1-hour or 4-hour charts.
Disclaimer: This analysis is for educational purposes only. Investments in stocks and financial markets involve risks, including the loss of principal. Always conduct your own due diligence or consult with a certified financial advisor before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.