HINDCOPPER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of Hindustan Copper Ltd (HINDCOPPER) based on current indicators and chart behavior

📊 Trend Overview

Current Phase: Trending upward with short-term exhaustion signs

Price Action: Trading well above both 50-DMA (₹253) and 200-DMA (₹252), confirming bullish momentum.

Volume: Recent volume (53.2L) is significantly below the 1-week average (207.6L), suggesting cooling off after a strong rally

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📈 Momentum Indicators

RSI (69.0): Approaching overbought zone — signals strength but caution for short-term traders.

MACD (9.43): Positive and diverging — confirms bullish momentum.

Bollinger Bands: Price likely near upper band, indicating strength but also potential for short-term pullback or pause.

🧭 Chart Patterns

Breakout from Base Formation: Price surged from ₹184 to ₹280, forming a bullish base breakout.

Trendline Support: Rising trendline from ₹184 lows remains intact, supporting bullish structure.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 265 Minor pullback zone

Support 2 253 50-DMA, strong dynamic support

Support 3 230 Previous consolidation base

Resistance 1 300 Psychological level, near-term target

Resistance 2 331 Mid-year target zone

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Major Resistance 353 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹265–₹275 (on dips with volume confirmation)

Short-Term Target: ₹300–₹331

Exit Zone / Stop-Loss: ₹253 (below 50-DMA)

🔄 Short-Term Outlook

Momentum: Strong but cooling

Bias: Bullish above ₹265; cautious below ₹253

Phase: Trending — no signs of reversal or consolidation

🧠 Key Takeaways

Hindustan Copper is in a strong uptrend, supported by bullish indicators and a breakout from base levels.

RSI and MACD confirm momentum, but volume suggests short-term exhaustion.

A decisive close above ₹300 could trigger a move toward ₹331–₹353

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Let me know if you'd like a visual chart or screener of similar breakout stocks.

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