HINDCOPPER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.0

📈 Hindustan Copper (HINDCOPPER) is in a strong uptrend with bullish momentum, though short-term caution is advised due to overextension and declining volume.

📊 Technical Analysis

• Trend Status: Trending — price is making higher highs and trading near its 52-week high.
• Moving Averages: Price ₹342 is well above both 50-DMA (₹311) and 200-DMA (₹273), confirming bullish strength.
• RSI (55.4): Neutral to bullish zone, indicating moderate momentum with room for further upside.
• MACD (11.6): Positive crossover, supporting bullish sentiment.
• Bollinger Bands: Price near upper band, suggesting strength but also potential short-term resistance.
• Volume: Current volume (46.6L) is below weekly average (69.5L), indicating weakening participation in the rally.

🎯 Entry & Exit Zones

• Support Levels: ₹325, ₹311 (50-DMA)
• Resistance Levels: ₹355, ₹366 (52-week high)
• Optimal Entry: ₹325–₹330 (on pullback)
• Exit Target: ₹355–₹365 (near resistance)

✅ Positive

• Strong ROCE (23.8%) and ROE (18.7%) reflect efficient capital deployment.
• Low debt-to-equity ratio (0.06) indicates financial stability.
• FII holdings increased by 1.34%, showing rising foreign investor interest.

⚠️ Limitation

• High P/E (67.5) and PEG (8.99) suggest overvaluation relative to earnings growth.
• Volume is declining despite price rise, indicating potential exhaustion.
• DII holdings dropped by 2.24%, signaling domestic caution.

📉 Company Negative News

• Quarterly PAT declined from ₹191 Cr to ₹134 Cr, a 30% drop.
• Stock trading near resistance zone, increasing risk of short-term pullback.

📈 Company Positive News

• Quarterly profit variation still positive at 18.4% YoY.
• Strong uptrend with price up 86.8% from 52-week low.

🏭 Industry

• Metals sector remains strong with global copper demand rising due to electrification and infrastructure.
• Industry P/E (67.2) is in line with HINDCOPPER, suggesting sector-wide premium valuations.

🧾 Conclusion

• HINDCOPPER is technically strong and trending upward with bullish indicators.
• Short-term traders may consider entry near ₹325 with targets around ₹355–₹365.
• Long-term investors should monitor earnings consistency and volume strength for sustained upside.