Market Trading Guide: Hindustan Copper among 2 stock recommendations for Tuesday

Analysts recommend Hindustan Copper and Concord Biotech after both stocks broke key resistance levels with strong price action, volume and bullish momentum. Despite energy-led cost pressures, stronger Q1FY27 earnings and pricing actions could supp...

ETMarkets.com
Hindustan Copper and Concord Biotech show bullish technical setups, while strong Q1 earnings could support broader market optimism despite persistent input-cost pressures.
Energy-led input cost pressures continue to influence near-term market sentiment. However, analysts saw stronger-than-expected Q1FY27 earnings, driven by a combination of pricing actions and volume growth, are likely to support earnings upgrades in the coming quarters. While the benefit of low-cost inventory aided profitability during the quarter, its sustainability remains a key monitorable, as higher-cost replenishment could constrain margin expansion in Q2FY27.

Here are 2 stock recommendations for Monday

Hindustan Copper - Buy | Buying Zone: Rs 572-575 | Stop-loss: Rs 515 | Target: Rs 655


Hindustan Copper has given a strong breakout above the Rs 550 resistance zone with positive price action and rising volume. The stock is trading above its major EMAs, while RSI remains above 60, indicating improving bullish momentum and supporting further upside.

Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio

Concord Biotech - Buy | Buying Zone: Rs 1,515 | Stop-loss: Rs 1440 | Target: Rs 1,650
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Concord Biotech has broken above the Rs 1,470 resistance zone with strong price action and improving volume. The stock is trading above all major EMAs, while RSI remains above 60, indicating sustained bullish momentum and supporting further upside

Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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