Technical Analysis Hindustan Copper Ltd.

The stock $HINDCOPPER has structural higher bottoms. After hitting a low near ₹440 in April it formed a solid recovery up to ₹641 confirming that buyers are stepping in at lower levels. After facing rejection near the ₹641.15 level in mid-May the stock is currently in a short-term downward pullback trading at ₹555.35. Since the April bottom the stock bounced back well reaching a recent high near 640-650 INR in May. Resistance the immediate resistance is around the 641.15 level (marked by the dashed line and the recent May peak. If the stock manages to cross and stay above this level the next major target is the all-time high near 760. Support the stock has immediate support around the 520 zone. If the price falls further the strongest major support lies at the recent bottom of 440-460. For short-term buyers the stock is currently in a healthy pullback phase, making it ideal to look for a low-risk entry or reversal signs near the immediate support zone of ₹520–₹530. A decisive breakout above the ₹641.15 resistance level could quickly open up targets toward ₹700+ making it a good candidate for quick swing gains. For medium to long-term holders the broader structural uptrend remains completely intact as long as the price stays safely above the major demand floor of ₹440–₹460. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.