Hind Copper - Next multibagger in the making. it can take some more time before that. Keep an eye

Hind copper - Update

Expected to be a multibagger at 62 did 196 so far.

Who says Technical analysts cant pick mutlibaggers 🤪

What next? 95-100? check next chart

Hind Copper - Break and close below 165 can be a breakdown and expect good correction.

Last bottom 150 which wil decide trend change for medium term.

I see a possibility of 90-95 once 150 is broken.

Stay alert

Hind Copper - Test of Technicals 😉

1. What do you see bulls?

Whats bears see with regular chart, bulls must see it with inverted chart.

2nd question in next tweet 🤪

Hind Copper
Question No. 2. What happens when a channel is broken down?

a. Retest of channel breakdown (95-100)
b. Channel size target achieved (180-190) hence should test breakdown again.
c. Should test 120 dotted red line which is immediate resistance
d. All of the above

Bank Nifty - Technical View

1. Previous bottom pre budget was at 29687
2. Recent high 37700+
3. As per dow theory index held previous bottom and
made higher bottom at 30400+
4. Expecting a new high as per HH HL pattern
5. Breakout above 34287 done.

6. Currently forming a triangle and base size is 6500-7000 pts and trendline breakout point is at 33500 adding this size gives us target of 40000-41000 (33500+6500)

7. Trendline from 2018-2019-2021 comes at 39000 so far, hence 39000-40000 levels are very likely in coming days.

8. There is also CNH pattern where neckline is placed at 34300 and Handle size is of 2000pts, cup size is of 4000 pts

36500-38300 are also potential tgts as per this pattern.

So 36500 first and then 38-39-40k next

Copper - Weekly chart

Looking weak, sell below 732 SL 753

Next band of support 714-685

Copper - Daily

Cluster of supports in the area 685-714

RSI is hinting weakness. Break below 680 will invite more downside.

Copper - Monthly

650 previous major bottom.

Close below 680 can expect 630-575-520

500-520 is multiyear breakout. 8/10 times such multi year breakouts are retested.

Too early to comment but keep an eye on 730 then 680 these levels can decide next trend

Kotak Bank -- CMP 1704 SL 1650 Risky long .
Retested breakout trendline. Momentum above Red line 1825 for 1950-2000 targets.

#Kotakbank

Bajaj Finance will be my next bet for 8-10% upmove

Chart will be posted later

Bajaj Finance can do 6200-7000 above 5725-50 zone

#BajajFinance

Gold - Holding 1680-1720 Key.

Above 1840 its a confirmation of trend change. Till then Ping pong move to continue.

Gold CMP $1760 SL 1680 Looking Bullish on daily chart based on various parameters.

IRB Infra - Expect momentum above 132 towards 160-180 target, CMP 113+ SL 100.

Excellent setup for good move in next 2-3 months

HDFC Bank -- Getting ready for 1700-1800 target
confirmation abv 1530-40 CMP 1490

Nifty Metal time to be cautious.

No point in chasing at these levels.

Will post my actual and inverted chart later.

#Niftymetal