Hind Copper (Weekly Timeframe) - Potential BreakOut Candidate ??

After a multi-year uptrend concluding in May 2024, Hindustan Copper entered a corrective downtrend. However, a potential reversal has been forming since April 2025, evidenced by a pattern of higher lows and a constructive setup in its short-term Exponential Moving Averages (EMAs).

This shift in sentiment has been confirmed by a powerful +23.5% rally over the past two weeks, backed by immense trading volume. For the uptrend to continue, the stock must overcome two key hurdles: a near-term horizontal resistance and, more importantly, a multi-year resistance trendline dating back to March 2012. A sustained breach of this long-term resistance would be a significant technical event, potentially paving the way for a move toward ₹352. Should the breakout fail, a pullback to the ₹226 support zone is possible.

To be monitored !!