HINDCOPPER - Swing Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Swing Trade Rating: 3.5

🔍 Snapshot Analysis: Momentum Building, but Valuation Stretched

HINDCOPPER shows signs of a technical recovery and strong recent earnings momentum — but it’s not quite a slam-dunk. The high P/E and PEG ratios suggest the price may already reflect future optimism, limiting upside room for short-term traders.

📈 Technical Indicators

Price near DMA zone: ₹258 is exactly at the 50 DMA and slightly above the 200 DMA (₹254) — a pivotal technical level. Could act as support for a bounce.

RSI (45.6): Neutral; could swing either way. A rise above 50 would confirm upside.

MACD (0.19): Bullish crossover, but minimal slope — early signal without strong conviction.

Volume (59.9L): Slightly under 1-week average (64.6L) — watch for volume spike for confirmation.

📊 Fundamentals Review

P/E (53.8) vs Industry PE (34.7): Overvalued relative to peers.

PEG (7.03): Indicates price has outpaced growth — not ideal for short-term entries.

ROE (18.8%) / ROCE (24.0%): Solid operational returns.

Quarterly Profit Growth (50.5%): Impressive — bullish trigger.

EPS (₹4.81): Respectable, but doesn't fully justify P/E.

Debt/Equity (0.06): Low debt — financially sound.

🧾 Ownership Flow

FII Holding (+0.44%): Foreign confidence increasing.

DII Holding (–0.33%): Mild pullback domestically — worth monitoring.

🎯 Trade Strategy

📥 Optimal Entry: If price dips to ₹248–₹252 zone (just below 200 DMA) with RSI starting to turn upward and MACD remains positive, that’s a good entry setup.

📤 Exit if Holding: Watch the ₹270–₹275 resistance zone. If RSI approaches 65 or MACD flattens, that’s likely a good spot to book profits.

🧠 Verdict

This isn’t a strong swing trade candidate yet, but it’s warming up. Momentum is rising, the fundamentals are solid, and technical support is holding — just keep a close watch on volume and RSI for confirmation. Ideal for cautious traders with tight stop-loss discipline.

Want to scan a few metal sector peers to find stronger short-term setups? I’ve got a few on radar.

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