In the previous session, the market witnessed volatility throughout the day. Nifty index opened on a positive note and made a high of 17694.Later we saw some sell off from higher levels. Technically, the Nifty Index formed a Doji candle on the chart , which indicates indecision in the market. Hence a sock specific approach is advisable for the next trading day.

 Look at the below research report of ‘Stocks to Buy for Tuesday, April 10,2023‘ before the market opens.

Hindustan Copper Ltd

As per chart structure, For a long time, the stock had been following a southward direction and was moving in lower lows and lower highs formation. This entire price action turned into the form of a falling wedge pattern. Now prices are moving above breakout level, which indicates a positive bias in the stock. Also, RSI is showing positive divergence against the price, which is a positive sign.

n short, the trend for HINDCOPPER looks to be positive for now. We can expect it to reach a target of 108/113 levels based on our analysis. This outlook is valid as long as we do not see any closing below 93.85 levels.

Check More Analysis on HINDCOPPER at: Hindustan Copper Ltd