⚙️ Materials: Commodity Cycle Turnaround
(Green energy metals, China recovery)
Government of India Enterprise
Hindustan Copper Limited (HCL)
The company is undergoing a significant mine expansion, projecting a 5x increase in output. This positive development is already reflected in institutional interest, with DIIs increasing their exposure by 8.2% in Q1.
At the time of this analysis, the price stood at 273.
We've observed a volume climax at the bottom, suggesting a potential exhaustion of selling pressure and a base formation.
The white ghost candles pattern illustrate an anticipated future price path, which I project based on current market dynamics and patterns. This projection outlines a potential trajectory we will monitor closely as price develops.
A strong engulfing bullish candle formation above the 281 pivot (🔵) would signal significant bull strength and confirm a strong upward momentum.
A confirmed breakout above the monthly resistance level (🔴) would be a critical bullish signal. initiating further long positions upon a successful retest of this breakout level.
My primary accumulation zone for potential entries is identified in green (🟢 dotted), ranging between 241 and 212. This range represents an area where I anticipate favorable risk-reward for entry.
Target & Time Horizon:
While precise timing is always challenging, I estimate the projected target up to 100% ( above in the white dotted line) could be reached around Q2 2026 or before as markets perform.
Disclaimer:
This analysis represents a personal projection
based on current market observations.
Trade Safely,
Always DYOR
#हिन्दुस्तान कॉपर लिमिटेड
#indianeconomygrowth
(Green energy metals, China recovery)
Government of India Enterprise
Hindustan Copper Limited (HCL)
The company is undergoing a significant mine expansion, projecting a 5x increase in output. This positive development is already reflected in institutional interest, with DIIs increasing their exposure by 8.2% in Q1.
At the time of this analysis, the price stood at 273.
We've observed a volume climax at the bottom, suggesting a potential exhaustion of selling pressure and a base formation.
The white ghost candles pattern illustrate an anticipated future price path, which I project based on current market dynamics and patterns. This projection outlines a potential trajectory we will monitor closely as price develops.
A strong engulfing bullish candle formation above the 281 pivot (🔵) would signal significant bull strength and confirm a strong upward momentum.
A confirmed breakout above the monthly resistance level (🔴) would be a critical bullish signal. initiating further long positions upon a successful retest of this breakout level.
My primary accumulation zone for potential entries is identified in green (🟢 dotted), ranging between 241 and 212. This range represents an area where I anticipate favorable risk-reward for entry.
Target & Time Horizon:
While precise timing is always challenging, I estimate the projected target up to 100% ( above in the white dotted line) could be reached around Q2 2026 or before as markets perform.
Disclaimer:
This analysis represents a personal projection
based on current market observations.
Trade Safely,
Always DYOR
#हिन्दुस्तान कॉपर लिमिटेड
#indianeconomygrowth
Trade active
#HINDCOPPER 1D TFAt the time of charting #HCL the PA was trading at ₹236
and indeed has made the first bar pattern formation as plotted to the mark 📍
and has entered an area which I anticipate as a favorable Zone.
We’ll be watching this projected move more closely on the 4H TF,
to see how price responds in the coming sessions.
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.
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.