HINDUSTAN COPPER Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock has formed range bound zone at current levels, sharp move expecting once Hind Copper comes out from its range , levels to watch resistance @ 92.50, support @ 84.50. (Updated on 09th September 2014, Tuesday).

HINDUSTAN COPPER

• Hindustan Copper moving up from it golden ratio support zone as shown in stock analysis chart no1, This indicates as long stock is holding above its support zone @ 84.50, it will be favored by bulls, but once stock closes below 84.50 and stays below then further weakness is expecting for next few trading days.
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• As per technical chart no2, stock is moving in a range bound zone from last few trading days, this indicates once Hind Copper comes out from its range then sharp move is expecting, levels to watch out for - resistance @ 92.50 and support @ 84.50. Till then stock will remain zig zag with no clear trend.
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• As pe graph no3, if moves up from current levels then Hind Copper will find strong fibonacci retracement resistance around 92.50, 97, 101 and 105. Once closes above 92.50 and if holds above then stock looking bullish for next few trading days.
• Intraday trading pick - Close watch once Hind Copper starts trading above 92.50, if holds above during market hours then intraday bulls action is expecting in this counter.
• As per chart no4, stock is holding above 200 days moving average, as long as stock holds above bulls will be favored , but once Hind Copper closes below 200 DMA then bears will be active. Close Watch.
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