Breakout from the Falling Parallel Chanel

290
Hindustan copper has broken out from the falling Parallel Channel formed on the weekly charts.

This channel was unbroken from April'24. The stock has reclaimed its 11 and 22 week ema and about to trade above 50 week ema placed at 249.

The stock is looking good to trade on the upside with the immediate target being Rs.295 which is a major supply zone.

CMP- Rs.246
Short Term Target-295
SL- 221

Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.

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