Hindustan Copper – Technical Analysis, Short term view

The stock

is currently showing a sideways-to-weak structure on the daily chart. After a sharp rally toward ₹760 the stock entered a correction and has been consolidating broadly between ₹480 and ₹580. Recent price action is again near the lower end of this range around ₹490–₹495 indicating that support is being tested. Current technical data also shows price below the 20, 50, 100 and 200-day moving averages with RSI around 42, reflecting weak short-term momentum. Support & Resistance: Immediate support is around ₹480–₹485 followed by ₹460–₹470. A decisive break below ₹480 can increase selling pressure toward the lower support zone. On the upside, ₹510–₹520 is the first resistance area, followed by ₹540–₹560. Short-Term Buyers & Holders View: For short-term buyers, ₹480–₹485 is an important zone to monitor for price stability. A sustained move above ₹520 with strong volume would improve the short-term structure and can bring ₹540–₹560 into focus. If ₹480 breaks decisively the stock may retest ₹460–₹470. Holders can monitor ₹480 support and ₹520 resistance for the next directional move.