Technical Momentum and Price Movement
On 24 November 2025, Hindustan Copper’s share price closed at ₹313.90, down from the previous close of ₹327.05, marking a day change of -4.02%. The intraday range saw a low of ₹312.15 and a high of ₹326.95. The stock remains below its 52-week high of ₹365.50 but well above its 52-week low of ₹183.90, indicating a wide trading band over the past year.
The recent shift in technical trend from bullish to mildly bullish suggests a tempering of upward momentum. This is corroborated by the daily moving averages, which currently indicate a mildly bullish stance, reflecting a cautious optimism among traders. The Bollinger Bands on both weekly and monthly charts also signal mild bullishness, implying that price volatility remains contained within a relatively stable range.
MACD and RSI: Divergent Signals
The Moving Average Convergence Divergence (MACD) indicator continues to show bullish signals on both weekly and monthly timeframes. This suggests that the underlying momentum remains positive, with the MACD line positioned above the signal line, typically interpreted as a sign of potential upward price movement.
Conversely, the Relative Strength Index (RSI) on weekly and monthly charts does not currently provide a definitive signal. The absence of a clear RSI indication points to a neutral momentum phase, where the stock is neither overbought nor oversold. This neutrality in RSI aligns with the observed mild bullishness in other indicators, suggesting that the stock is in a consolidation phase rather than a strong directional move.
Momentum building strong! This Mid Cap from NBFC is on our MomentumNow radar. Other investors are catching on – will you join?
- - Building momentum strength
- - Investor interest growing
- - Limited time advantage
Additional Technical Indicators: KST, Dow Theory, and OBV
The Know Sure Thing (KST) indicator presents a mixed picture. On a weekly basis, it remains bullish, supporting the MACD’s positive momentum. However, the monthly KST shows a mildly bearish signal, indicating some caution over the longer term. This divergence highlights the complexity of the current technical environment for Hindustan Copper.
Dow Theory analysis also reflects this duality. The weekly trend is mildly bearish, while the monthly trend tilts mildly bullish. Such contrasting signals between short- and long-term perspectives suggest that investors may be weighing recent price corrections against the stock’s broader upward trajectory.
On the volume front, the On-Balance Volume (OBV) indicator is bullish on both weekly and monthly charts. This implies that buying pressure has generally outweighed selling pressure over these periods, lending support to the stock’s price stability despite recent declines.
Comparative Returns and Market Context
Hindustan Copper’s returns over various timeframes provide further context to its current technical stance. Over the past week, the stock recorded a return of -6.35%, contrasting with the Sensex’s positive 0.79% return. Similarly, the one-month return for Hindustan Copper stands at -9.28%, while the Sensex gained 0.95% in the same period.
However, the stock’s year-to-date (YTD) return is 26.62%, significantly outpacing the Sensex’s 9.08%. Over one year, Hindustan Copper’s return is 19.97%, nearly double the Sensex’s 10.47%. Longer-term performance is even more pronounced, with three-year returns at 187.32% compared to the Sensex’s 39.39%, and five-year returns at 750.68% versus 94.23% for the benchmark. Over a decade, the stock has delivered 477.55%, more than twice the Sensex’s 229.48%.
Holding Hindustan Copper from Non - Ferrous Metals? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Implications for Investors
The current technical assessment of Hindustan Copper suggests a period of consolidation following a strong historical performance. The mildly bullish signals from moving averages and Bollinger Bands, combined with bullish MACD and OBV indicators, indicate that the stock retains underlying strength. However, the neutral RSI and mixed signals from KST and Dow Theory highlight the need for caution, as momentum may be pausing or preparing for a directional shift.
Investors should consider these technical nuances alongside fundamental factors and sector dynamics. The non-ferrous metals industry often experiences volatility linked to global commodity prices and demand cycles, which can influence price momentum and technical patterns.
Given the divergence between short-term bearishness and longer-term bullishness in some indicators, market participants may benefit from monitoring key support and resistance levels, as well as volume trends, to better gauge potential entry or exit points.
Summary
Hindustan Copper’s recent price momentum reflects a complex interplay of technical signals. While some indicators maintain a bullish outlook, others suggest a more cautious stance. The stock’s performance relative to the Sensex underscores its strong long-term growth, even as short-term returns have moderated. This mixed technical picture calls for a balanced approach, with attention to evolving market conditions and technical developments.
As the stock navigates this phase, investors and analysts will be closely watching for confirmation of trend direction from key indicators, including MACD crossovers, RSI movements, and changes in moving averages. Such signals will be critical in determining whether Hindustan Copper can sustain its momentum or if a more pronounced correction lies ahead.
Get 2 full years of MojoOne Premium for only Rs. 12,999. Subscribe for 1 year and we'll add another year FREE. Offer valid for a limited time. Start Saving Now →
