Hindustan copper Trend Analysis

Hindustan Copper (HINDCOPPER)- Monthly Chart : Trend Analysis-

Long-term Trend: Strong uptrend since 2020, visible with higher highs and higher lows.

Current Position: After a sharp rally to 414, the stock corrected and is now consolidating around 280.

200-Month MA (red curve): Acts as a strong long-term support trendline.

Chart Pattern👉
Cup & Handle Formation: The stock formed a long cup (2010-2020) and has broken out. Now it is forming a handle/consolidation phase.
Rising Channel: Price is moving inside an upward channel (blue lines).

Support Levels
1. 240 - Strong immediate support (monthly close basis).

2. 205 - Next strong support (channel + trendline confluence).

3. 165- Major base (only if bigger correction comes).

📈 Resistance Levels

1. 318- First hurdle (recent swing high).

2. 414- Previous top, very important resistance.

3. 513- Long-term target zone shown on your chart.

🚀 Next Big Leap🎯

If stock sustains above 318, momentum buying can take it back toward 414.

A monthly close above 414 will confirm a fresh breakout, next big target opens to 513-550 zone.

In the longer run (2-3 years), if 513 is crossed and sustained, stock could head towards 750+.

Risk Note:
Below 240 on monthly close- weakness.
Below 205- trend reversal risk (long-term investors must watch this level closely).

Summary:
Hindustan Copper is in a long-term bullish structure. It is currently consolidating in a handle phase between 240-318. A breakout above 318 can lead to a retest of 414, and then a big move towards 513+. Long-term investors should stay put as long as 205 support holds.

Disclaimer-
This analysis is only for educational and learning purposes.
It is not an investment or trading advice.
Stock market investing is risky- please consult a SEBI-registered financial advisor before making any decisions.

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