HINDCOPPER formed a falling wedge pattern with multiple test of support and resistance. Moreover there was good runup prior to chart pattern formation. Volume were relatively low when price were falling. However upon breakout there was strong volume. Currently resistance is being retested. Good opportunity for long trade with favorable risk reward.
Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Please consult your financial advisor before making any trade. Above information is just my view and is meant for educational purpose only.
Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Please consult your financial advisor before making any trade. Above information is just my view and is meant for educational purpose only.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.