Hindustan Copper

Date 17.09.2024
Hindustan Copper
Timeframe : Day chart

Trade Set-up

For Long/Buy side :

Enter on breakout closing of cloud + descending angle of triangle pattern having bounce from 20 ema & 60 ema . Keep 20 ema & 60 ema as stoploss on closing basis. This set up will be more useful for swing trading. Rsi above 50 will act as trend confirmation & trend continuation

For Short/ Sell side :

Enter when price closes below 200 ema + cloud + below neckline. Rsi below 50 will confirm the breakdown & trend continuation. If next day crosses the low after closing below mentioned above set-up then high momentum breakdown intraday basis.

Regards,
Ankur