#HINDCOPPER [CMP: 135]

Setup
1⃣Breakout after 6 years with good volumes
2⃣Retesting breakout region with declining volumes
3⃣Fibonacci Retracement support at 38.2%

Can see decent upside till 190+ also metal sector is picking up
SL: 113
@Arpit1223 @nishkumar1977 @MaverickAmit01

Here is what YOU should know about BREAKOUTS before you lose money on them !

A free FAILED BREAKOUT analysis for you - 🧵

A technical analysis term, used to show a rise in a stock’s price above its resistance level (such as its previous high price) or drop below its support level (commonly the last lowest price.)

The assumption is that the stock will continue to move in the same direction following the breakout, which generates a buy or sell signal.

Trading breakouts is an excellent trading strategy that involves buying or selling an asset after a long period of consolidation.

However, the biggest risk of trading a breakout is when the price suddenly reverses, in what is known as a false breakout. In this report, we will look at what a false breakout is, how you can identify it, and how you can use it in the market.

Let's look at plenty of False Breakout Examples ⚡️
1. #INFIBEAM ⚡️
We saw a top out pattern, interesting part is the candle that gave a top was a heavy buying candle. No follow-up and stock is down nearly 30%.

#Darvas #Box is a simple and interesting strategy used by the trader. It is a momentum strategy with no technical indicators.

This learning thread would be on "Darvas Box Strategy"

Like and Retweet for wider reach and for more learning thread in the future.

@AmitabhJha3

1/11

Darvas Box is named after Nicolas Darvas, who was a dancer and self-taught investor.

He discovered "Box Theory" after gaining experience from the market and he believed that the shares which move up and down the chart move in a specific box pattern.

2/11

There are some condition to use Darvas Box and we will discuss only buy strategy:

1. Stock should be trading near all time high levels
2. Fundamentals of the company should be good
3. Volumes play a crucial role

Prefer to use it daily time frame and above.

3/11

When the price is near all time high levels, if price consolidates then there is a range or box formed having a upside ceiling and downside floor. Price consolidates in this range before breakout.

Volumes during breakout is very important and it should be high.

4/11

Let's see some example now.

Dmart was trading in a range of 1955-2438 for six months.
After breaking this range upside, DMart price rallied from 2500 to 3200+ (Rally of 28% in 3 months).

During breakout volumes should rise and it should spike up.

5/11

Summarizing the #Tax you have to pay while #Trading and #Investing in Stock Market.

Sharing it as ITR Filing for last Financial Year has started.

Like and Retweet for wider reach.

Those who attended yesterday's webinar might be familiar now!!

It's not as difficult as it looks!!

https://t.co/wlp0PRyLzU

#HindCopper 168

#HindCopper 170

Breakout zone marked on the

#Hindcopper (W) Heading for 110/105!

#Hindcopper (M) fall till 115/105 possible! 😊😎

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