HINDCOPPER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | HINDCOPPER | Market Cap | 53,502 Cr. | Current Price | 555 ₹ | High / Low | 760 ₹ |
| Stock P/E | 54.0 | Book Value | 34.6 ₹ | Dividend Yield | 0.26 % | ROCE | 42.4 % |
| ROE | 32.9 % | Face Value | 5.00 ₹ | DMA 50 | 547 ₹ | DMA 200 | 459 ₹ |
| Chg in FII Hold | -0.22 % | Chg in DII Hold | -0.18 % | PAT Qtr | 444 Cr. | PAT Prev Qtr | 227 Cr. |
| RSI | 50.0 | MACD | 3.13 | Volume | 46,12,945 | Avg Vol 1Wk | 53,79,272 |
| Low price | 226 ₹ | High price | 760 ₹ | PEG Ratio | 1.08 | Debt to equity | 0.03 |
| 52w Index | 61.7 % | Qtr Profit Var | 133 % | EPS | 9.52 ₹ | Industry PE | 60.9 |
📈 Chart Patterns: HINDCOPPER is trading near its short-term resistance zone (₹555–₹560). The broader structure shows recovery from lows (₹226), with price action forming higher highs but capped by resistance at ₹760.
📊 Moving Averages: Current price (₹555) is above DMA 50 (₹547) and DMA 200 (₹459), confirming bullish momentum and medium-term strength.
📉 RSI: At 50.0, RSI is neutral, suggesting balanced momentum without overbought signals.
📈 MACD: Positive at 3.13, showing bullish crossover and continuation of upward momentum.
📉 Bollinger Bands: Price is near the mid-band, reflecting consolidation with scope for breakout if volumes rise.
📊 Volume Trends: Current volume (46.1L) is below average weekly volume (53.8L), showing reduced participation and lack of strong buying conviction.
⚡ Short-Term Momentum Signals: Neutral-to-bullish momentum; breakout possible if price sustains above ₹560 with volume support.
🎯 Entry Zone: ₹540–₹555 (support region).
🎯 Exit Zone: ₹720–₹760 (resistance zone).
🔀 Trend Status: Trending upward with consolidation; reversal unlikely unless price falls below ₹547.
Positive
- Strong ROCE (42.4%) and ROE (32.9%) highlight operational efficiency.
- EPS at ₹9.52 supports earnings visibility.
- Quarterly PAT surged from ₹227 Cr. to ₹444 Cr. (+133%).
- Price trading above both DMA 50 and DMA 200 confirms bullish trend.
Limitation
- Dividend yield at 0.26% is negligible.
- High P/E ratio (54.0) compared to industry PE (60.9) indicates premium valuation.
- Volume below average weekly levels reduces breakout conviction.
- FII (-0.22%) and DII (-0.18%) holdings declined, showing reduced investor confidence.
Company Negative News
- Decline in institutional holdings (FII and DII).
- Premium valuation may limit upside in near term.
Company Positive News
- Quarterly profit growth (+133%) boosts investor sentiment.
- Strong efficiency ratios (ROCE and ROE).
- Stock trading near 52-week high reflects bullish sentiment.
Industry
- Industry PE at 60.9 vs. HINDCOPPER PE at 54.0 shows fair valuation.
- Metals and mining sector supported by global demand for copper and infrastructure growth.
Conclusion
HINDCOPPER is trending upward with bullish undertones. Short-term traders may consider entry around ₹540–₹555 with exit near ₹720–₹760. Long-term investors should monitor valuation risks and institutional sentiment before fresh accumulation.
Would you like me to expand this into a sector overlay HTML report with peer benchmarking against Hindalco, Vedanta, and NMDC, or keep it strictly as a standalone technical rating?