HCL Copper 1M, TF Anticipating Growth & Key Levels ⚙️ 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
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