The pace of the rally has been nothing short of extraordinary. In just the last four trading sessions, Hindustan Copper has surged around 40%, marking its strongest start to a calendar year in nearly 9 years. In the last two months, Hindustan Copper shares have doubled investor money, surging 133%.
Should you buy this dip?
Some experts urge caution at current levels. Sachin Gupta, Vice President – Research at Choice Equity Broking, said the stock has confirmed a multi-year breakout and remains in a strong uptrend, but valuations and near-term risk-reward warrant restraint. After rallying more than 55% in December 2025 and extending gains of over 40% in the January series, the stock has already priced in a lot of optimism. While the broader monthly trend remains clearly bullish and prices are sustaining above all key moving averages, RSI readings are hovering near overbought levels, suggesting the possibility of short-term consolidation or intermittent profit-taking.
Gupta believes the stock does not offer a favourable risk-reward for aggressive fresh buying at current prices. Traders, he said, should look for fresh entries on corrective dips around the Rs 700–690 zone, while those already holding positions may continue to ride the trend with a trailing stop-loss placed at Rs 650. On the upside, resistance is likely near the Rs 790 and Rs 830 levels.
According to Ajit Mishra, SVP at Religare Broking, the recent price action marks a decisive technical shift for the stock. “The recent move reflects a decisive long-term trend reversal in Hindustan Copper, transitioning from a prolonged base to a strong impulsive up-move,” he said. Mishra noted that the stock has emerged from a rounded bottom formation after absorbing supply over several months, followed by a powerful breakout above prior swing highs. Importantly, this breakout has been accompanied by expanding volumes, signalling strong institutional participation.
At about 10 AM, shares of the company were trading at Rs 701, lower by 6.5% from the last close on the BSE.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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