The stock of Miniratna company Hindustan Copper (NSE: HINDCOPPER) has been witnessing a steady rise for some time now. This stock is in an uptrend and in September, this stock has given mostly positive returns.
As of now, it trades in the range of Rs.329 (Hindustan Copper Share Price). A top brokerage has advised buying this stock for the next 4-5 weeks.
Hindustan Copper Share Price
The brokerage claimed that the stock had an upward breakout in the chart of technicals. In such a scenario it is recommended to buy in the range of Rs 325.
The first target is Rs 340 and the second target is Rs 360. On May 22, the stock made a 52-week high of Rs 415. The 52-week low is Rs 135, which it made in October 2023.
Since September 12, this stock has been closing with gains continuously. In between, it closed in the red mark for only 1 day.
Huge Jump In Volume Of Hindustan Copper
Talking about technical analysis, the stock of this Miniratna company has got a trendline breakout. The stock is in an uptrend. Volume is getting support.
Its first target is at Rs 340. After crossing this level, it will move towards Rs 360. A stop loss of Rs 303 has to be kept on a closing basis. A multifold jump in volume has been seen in the last two trading sessions.
Quick Fact
| Company name | Hindustan Copper |
|---|---|
| Time for rise | 4-5 weeks |
| Buy range | ₹325 |
| Possible first target price | ₹340 |
| Possible second target price | ₹360 |
| Stoploss price | ₹303 |
| Trendline breakout | Yes |
| Volume increase | Multifold |
| Uptrend | Yes |
| Stock trend | Positive in September |
| Trading sessions with gains | All but 1 day since Sept 12 |
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