HINDCOPPER

Technical View: Hindustan Copper recently broke out of a consistent down-channel, rallying from around ₹200 toward ₹240–₹245, suggesting bullish momentum. The breakout is supported by decent volume. Short-term RSI is strengthening, while MACD has begun a positive crossover, adding technical confidence. Immediate support lies near prior resistance at ₹240, and the next key upside targets could be in the ₹280–₹320 range. Fundamental Overview: Hindustan Copper has posted strong financial metrics in recent quarters: •Q4 FY25 net profit nearly tripled, with revenue and EBITDA surging by 123% and 148% respectively . •The company carries low leverage, improving cash flows and flexibility. •Ongoing mine expansion projects are set to significantly boost capacity—for instance, ramping up Malanjkhand operations and reactivating dormant mines, with a multi-phase plan to scale capacity substantially by late 2020s . Conclusion: Hindustan Copper is in a short-term downtrend after slipping below its 20, 50, 100, and 200 DMAs. Technical indicators remain weak, with RSI near 36 indicating an oversold zone and MACD showing a negative crossover with bearish momentum, while the Parabolic SAR above price confirms the downtrend. The stock is consolidating near recent lows after a sharp fall from ₹280+, with key support at ₹232–₹228 and then ₹220, and resistance at ₹245–₹252. A short-term oversold bounce is possible if ₹230 holds.