HINDCOPPER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 4.4

📊 Chart Patterns: Hindustan Copper is trading near its 52-week high (390 ₹) with current price at 387 ₹. The stock has shown strong upward momentum, forming higher highs and higher lows. Support lies at 370–375 ₹, while resistance is at 390–400 ₹.

📈 Moving Averages: Price is well above both 50 DMA (340 ₹) and 200 DMA (293 ₹), confirming a strong bullish trend.

📉 RSI: At 66.4, RSI is approaching overbought territory, suggesting caution but still supportive of bullish momentum.

📈 MACD: Positive at 12.1, indicating bullish momentum and trend continuation.

📊 Bollinger Bands: Price is near the upper band, showing strong buying pressure but also risk of short-term pullback.

📈 Volume Trends: Current volume (3,07,17,611) is significantly higher than average weekly volume (1,66,24,638), confirming strong participation and accumulation.

📌 Short-term Momentum Signals: Bullish momentum intact. A breakout above 390 ₹ could push toward 400–410 ₹. Support at 370–375 ₹ provides a cushion for entry.

🎯 Optimal Entry Zone: 370–375 ₹ (near support).

🎯 Optimal Exit Zone: 395–405 ₹ (near resistance).

📈 Trend Status: The stock is trending upward strongly, with bullish signals across indicators.

Positive

• Strong ROCE (23.8%) and ROE (18.7%) reflect efficient capital utilization.
• Quarterly PAT growth (186 Cr. vs 134 Cr.), up 83%, highlights robust earnings momentum.
• FII holding increased by 1.34%, showing foreign investor confidence.
• Stock trading well above 50 DMA and 200 DMA confirms bullish strength.

Limitation

• High P/E (65.3) compared to industry peers makes valuation expensive.
• PEG ratio of 8.71 suggests limited growth relative to valuation.
• Dividend yield is low at 0.38%, limiting passive income appeal.

Company Negative News

• DII holding decreased by -2.24%, showing reduced domestic institutional support.

Company Positive News

• Quarterly PAT growth highlights strong operational performance.
• FII inflows reflect global investor confidence in the company.

Industry

• Industry PE at 65.3 is equal to Hindustan Copper’s PE, suggesting fair valuation relative to peers.
• Metals and mining sector outlook remains strong, supported by global demand recovery and infrastructure growth.

Conclusion

⚖️ Hindustan Copper is technically strong, trading near its 52-week high with bullish signals from MACD, RSI, and volume. Fundamentals show strong profit growth, though valuations are stretched. Entry is favorable near 370–375 ₹ with exit around 395–405 ₹. The stock is in a clear uptrend, but caution is advised as RSI nears overbought levels.