HINDCOPPER - Technical Analysis

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

Technical Rating: 3.6

Let’s break down HINDCOPPER's technical landscape to uncover how it’s behaving and where traders can act with calculated confidence

🔍 Trend Overview

Current Price (₹258) is exactly at its 50-DMA (₹258) and just above 200-DMA (₹254) → indicates a sideways consolidation.

Although off its recent high (₹353), the stock remains well above its yearly low (₹184), suggesting medium-term stabilization.

📌 Trend Status: Consolidating with slight bullish undertones.

📈 Momentum Signals

RSI (45.6): Neutral → shows the stock is neither overbought nor oversold, signaling balance in demand and supply.

MACD (0.19): Barely positive, slightly above the signal line → indicates a weak bullish crossover, but momentum remains muted.

Volume: Slightly below average → reflects lack of conviction, awaiting a catalyst.

📉 Bollinger Bands Insight

Price is likely near the middle band, behaving in a contained range.

No band expansion → signals low volatility, consistent with a consolidating phase.

Watch for volatility uptick around support or resistance levels for possible breakout clues.

📊 Support & Resistance Zones

Zone Type Price Range (₹) Commentary

Support 248 – 254 Close to 200-DMA, potential rebound zone

Resistance 270 – 285 Previous swing highs and congestion zone

Breakout Zone 290+ Clears recent ceiling, opens path to ₹310+

🎯 Entry & Exit Strategy

Entry Zone: ₹250–₹255 (bounce near support/DMA)

Exit Zone: ₹270–₹285 (resistance layer; good for profit booking)

Stop Loss: ₹245 (breach below 200-DMA signals weakness)

🧭 Conclusion

HINDCOPPER is consolidating after a strong quarterly rebound in profits.

Technical signals favor a watchful accumulation strategy near the 200-DMA with clear breakout potential if volume picks up.

Traders should look for price action above ₹270 backed by stronger volume and MACD follow-through to confirm a bullish move.

Copper prices globally often drive sentiment here — want to check how LME copper or China’s industrial output is influencing metal stocks lately? Let’s layer the macro with the micro. 🪙📊

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