Hindcopper yet to cross 158.

Once close above 158 more momentum. Till then ping pong to continue

More from Shivaji Vitthalrao🇮🇳

BEML

1. Stock is consolidating in the band 100-120 on lower side & 1900-1950 on upper side.

2. CMP 1344 1st targets 1850-1950

3. Medium term targets 2400-2500

4. Long term taregts 3500 first and then 8,000-10,000 in next 4-5 yrs

5. This is going to be 15-16 years breakout https://t.co/BXMv5GjsGW


6. Stock hits high 160-175 in 1995 & 1997

7. went into down trend, consolidated for 3 yrs 1999-2002

8. Gave breakout above 34 hinting at major shift in Feb 2002

9. Gave 1st multi year breakout in Oct 2003 above 160-175 which was failed

10. Next attempt in Sep 2004 crossed 175


11. Above 1995-1997 highs (160-175) stock went on to become 10x in a matter of 20-22 months

12. CMP 1344 Multi year breakout will trigger above 1950 on weekly closing basis

13. Will be watching 1st breakout above 1950

14. SL 1260/1100 depends on risk of the trader or investor

More from Hindcopper

#Metals Expecting metals to do well from here. I am marking two levels, first one is bullish above, second one is a weekly closing stop for long trade. Posted about metals earlier as well, so just an update

#TataSteel 1483/1367 #JSWSteel 733/664 #SAIL 128/112 #Nalco 86/71 https://t.co/ENmCqITEmA


#Hindcopper 150/109 #Hindalco 450/399 #Vedl 307/260 #Hindustanzinc 345/293


#GPIL 1420/1084 #Sardaenergy 747 / 614 #JindalPowerSteel 428/357

You May Also Like