Sunday, March 7, 2021
Home Business Why this stock is a better pick to play the short-term copper...

Why this stock is a better pick to play the short-term copper rally

According to Chandan Taparia, technical analyst at Motilal Oswal Financial Services, the main pattern of the stock is constructive because it has been making greater top-higher backside together with shopping for curiosity in the total steel house.


Shares have rallied 72% in the final one month and 166% in the final three months to shut at Rs 98.35 on Monday. The stock is anticipated to rally one other 25% in the subsequent few weeks, mentioned technical analysts.

MUMBAI: Monday belonged to metals on D-Street. From copper to metal, steel shares have been pink scorching on a day traders appeared to have cold-shouldered nearly each different sector. Hindustan Copper surged 15%, whereas Vedanta and Hindalco gained 7% and three%, respectively.Copper crossed $9,000 per tonne for the first time in the previous 9 and half years on the London Metal Exchange. The ongoing focus provide points and powerful demand, notably

  • SAVE

Sign in to learn the full article

You’ve obtained this Prime Story as a Free Gift

Already a Member?

Why ?

  • Sharp Insight-rich, Indepth tales throughout 20+ sectors

  • Access the unique Economic Times tales, Editorial and Expert opinion

  • Clean expertise with
    Minimal Ads

  • Comment & Engage with ET Prime group

  • Exclusive invitations to Virtual Events with Industry Leaders

  • A trusted workforce of Journalists & Analysts who can greatest filter sign from noise

Leave a Reply

All countries
Total confirmed cases
Updated on March 7, 2021 5:39 pm

Most Popular

Most Popular

Recent Comments

Chat on WhatsApp
How can we help you?