Stop Loss: Rs 282
Target: Rs 323
Hindustan Copper has staged a decisive breakout from a Cup & Handle formation on the daily timeframe, finishing the session with a strong bullish candlestick backed by volumes well above the 20-day average, signalling healthy accumulation. The stock is trading firmly above its 20, 50, 100, and 200-day EMAs, underscoring the resilience of the ongoing uptrend. The RSI at 75.48, trending higher, highlights strong bullish momentum, indicating potential for further upside in the near term.
(Kunal Kamble, Sr. Technical Research Analyst at Bonanza)
