#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

🩸FIBONACCI retracement and GOLDEN RATIO - PART 2

Before we move forward, kindly like and retweet if you find our content is adding something to your knowledge.

We have described how interesting Fibonacci numbers and ratios are and how it's been formed in PART 1 of this series. In PART 2, Lets see how we take trade based on fibo.

🎯How to draw Fibonacci levels?
Drawing Fibonacci retracemnts are fairly simple. The main point we look into is, If the direction of retracment is up or down side.
✅ If the trend is up, choose lower point and a higher point. Connect lower point with higher point using Fibo tool.

✅ If the trend is down, choose higher point and a lower point. Connect higher point with lower point using Fibo retracement tool.

🎯How to choose lower and higher points to connect?
✅Take lower point as point from where the trend has started, which means one should not take points where consolidation was going on.

Everyone wants to own a 10-20 bagger 🚨✅

But 99% dont know that all MULTIBAGGERS have these things in common.

10 characteristics of trading Multibaggers:

Pre summary:

Baggers to study :
1. Tata Elxsi
2. Elecon
3. SRF
4. Mirza

Returns in % attached below :

1. Always reclaim 200dma

: Chances are that they will always dip below 200dma and will make a range and again move higher

: Any stock above 200DMA will always be on a long setup

: Unless any news popup stocks above 200dma are always bullish

2. Smaller pullbacks

: These strong stocks will see big retracements but when they are in an upthrust it is always seen that they will bounce back from 0.382

: Deeper pullbacks take place but with shrinked volumes

: Narrow range candles while falling down

Ever wonder why a price corrects after opening gap up or price moves up after a dip.
Have you noticed this in stock market?

This phenomenon is called Climax.

This thread would on
"How to trade Climax"

Like 👍& Retweet 🔄for wider reach and for more such learning thread.

1/12

So far, nobody shared or discussed Climax phenomenon and this was just a mere observation for us.

If you haven't seen any example of climax yet, then let's see an example:
This happened with Tata Steel today in intraday today.

2/12

Climax is the last/ending phase of the trend in stock market.

There are two types of climax based on the trend in market:
1. Bullish Climax
2. Bearish Climax

Shared example of both below.

Let's dig into each of these and see what would be a trading setup.

3/12

Bullish Climax:
As name suggests, it is the ending phase of bullish move/trend. After this price starts downtrend.

Setup:
1. Price should open gap up by over 2%
2. Mark mid point of opening candle. Go short if price is below this.
3. Opening candle's high would be stoploss

4/12

Use this climax trading setup only in #Intraday and use 5 mins time frame chart.

Let's see an example of a bullish climax that happened in Tata Steel today.

Entry got triggered (1317) at 9:20pm when the candle was below the reference point. Trailing SL got hit at 1286.

5/12

STOCK ANALYSIS- #hindcopper - A MONOPOLY THAT CAN BECOME REALLY BIG IN THE YEARS TO COME.

https://t.co/9DJr8vDp5d

#HindCopper
#EW

Looks like 4th wave correction coming to end

If holds support zone 100-114 , can rally higher towards 200 next in 5th wave

#HindCopper 158

BO on daily charts above 165 would open up

Updated progress

https://t.co/eMxQwV5mZ2

#HC

If current levels are broken at close today then alarm