Case Study 5 : #HindCopper
CMP – 169.35 (11/6/2021)
(Must read Thread 🧵for #TA learners)
Past Fundamentals🤦♂️ Current Fundamentals💪 Future🌟
Technically Strong Upmove Candidate 🚀
#TechnoFundaInvesting
@caniravkaria / @nishkumar1977 / @rohanshah619
🙏(Views Welcome) 🙏
1⃣
📊After forming shortterm #Top @ 165 on 2 March 2021 stock corrected to 120 levels
📊After breaking #ResistanceZone on 7 May 2021 stock soon hit high of 196
📊#ResistanceZone becomes #SupportZone
📊Breakout happened today with good #volumes
#HindCopper #TechnicalAnalysis
2⃣
📊In Jan End 2021 Stock took #support on 50 SMA.
📊 In last few days stock has again taken #support on 50 SMA.
For #TA of #HindCopper @RajarshitaS Mam your views welcome 🙏
#TechnicalAnalysis
3⃣
Fundamentally can only say that #Metals are currently in #Upcycle and in case of #Copper the cycle can last a bit longer due to push for #RenewableEnergy.
#HindCopper #Copper #TechnoFunda #Investing
4⃣
Copper is the new oil: Demand for the metal expected to soar this decade.
According to Goldman Sachs “Copper’s current price strength is just the first leg of a structural bull market.”
#HindCopper #Copper #TechnoFunda