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Traders active on Social Media might have observed so many Hind Copper Flag pole/Pennant charts even before breakout. Now that breakout have actually happened due to China news of copper production shut down, copper prices have gone up, thereby pushing Hindustan copper prices up.
Traders curios to learn this pattern for trading purpose can go through charts as follows.
Beginners need not worry about whether it is flag or Pennant, I have showed the basic Pennant and Flag pole on the chart and individual traders and Investors can decide on their own as whatever they want to consider. Important is to find pole high to calculate target for fresh rally. in this case, first breakout happened at around 60 and then at 70 it was massive volume breakout which formed the base for the Pennant. Previous rally was from 70 to 110 giving us 40 points and now fresh breakout happened at 95 giving us opportunity for riding this rally upto 135.
Though I have not bought this for technical reasons, but my personal buying happened at around 86(Missed at 60) to ride on copper Cycle, which is a fundamental reason. I have shared the fundamental reason on another post. Click here to read fundamental reasons. This post is for the traders who wish to learn application of strategies with live charts and want to play short term.
Investors who wished to understand why I personally bought Hindustan Copper, please click on following link
http://jttime.blogspot.in/2018/01/investing-in-copper-theme-hindustan.html
Happy Investing
(@JTtime_market):
https://twitter.com/JTtime_market?s=08
YouTube के इस लिंक मे हिंदी मे जाने, क्यो नीवेष करना है हिंदुस्थान काॅपर मे
और दुसरो को भी भेजीये, जो नीवेष करने के लिए इच्छुक है
Traders curios to learn this pattern for trading purpose can go through charts as follows.
Beginners need not worry about whether it is flag or Pennant, I have showed the basic Pennant and Flag pole on the chart and individual traders and Investors can decide on their own as whatever they want to consider. Important is to find pole high to calculate target for fresh rally. in this case, first breakout happened at around 60 and then at 70 it was massive volume breakout which formed the base for the Pennant. Previous rally was from 70 to 110 giving us 40 points and now fresh breakout happened at 95 giving us opportunity for riding this rally upto 135.
Though I have not bought this for technical reasons, but my personal buying happened at around 86(Missed at 60) to ride on copper Cycle, which is a fundamental reason. I have shared the fundamental reason on another post. Click here to read fundamental reasons. This post is for the traders who wish to learn application of strategies with live charts and want to play short term.
Investors who wished to understand why I personally bought Hindustan Copper, please click on following link
http://jttime.blogspot.in/2018/01/investing-in-copper-theme-hindustan.html
Happy Investing
Now as on today price around 80
ReplyDeletePlease guide, whether will come back any time soon in 3 months to 120 level ?
Practically,I bought for Copper cycle, which is a fundamental reason. As far as technical levels are concerned, SL hit. So technical players looking for short term gains can exit, but investors who understands commodity cycle can accumulate more at this levels
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