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Technicals for Hindustan Copper Limited
By MusingTheNews
2026-02-02 20:37
Overall Technical outlook
Price Summary
Hindustan Copper Limited had a remarkable day at the stock market, and its shares increased 3.46%. Hindustan Copper Limited's stock, on 2026-02-02 opened at 590.15, climbed to a high of 638.55, dropped to a low of 581.55, and closed up 3.46% at 610.55, with 70686266 shares traded. During the past 52 weeks, the highest stock price was 760.05, and the lowest was 188.0.
Technicals
Support and Resistance: The current price of 610.55 for HINDCOPPER finds support at 572.8 and resistance at 760.05. These levels define a range in which the price might oscillate, with 572.8 as a potential support and 760.05 as a resistance level. Support/Resistance for HINDCOPPER
Aroon: The AROON is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for HINDCOPPER, with no strong trend emerging. Aroon chart for Hindustan Copper Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Bolinger Bands chart for Hindustan Copper Limited
Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net. Parabolic Stop and Reverse chart for Hindustan Copper Limited
Stochastic: The current state of the STOCHASTIC is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Stochastic chart for Hindustan Copper Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend for Hindustan Copper Limited, but the wavering slopes of the 20 and 50 SMAs indicate that this momentum may be weakening. This loss of strength could be a sign that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should watch for signs of a trend change as the current downtrend starts to fade. Tripple SMA chart for Hindustan Copper Limited
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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