KetanM

Beautiful price action in Copper chart

Long
MCX:COPPER1!   COPPER FUTURES
Copper is consolidating for a while at important resistance level . Also it is at a long running TL corresponding to 100 ema also. Lower TL has become a important buying zone in the past also. Closing above recent resistance can give good up move again.

Good price action for learning in this chart:
1) Beautiful respect to lower TL
2) Resistance level became the support and again turned into a resistance.

For educational purpose. Trade at ur own risk with proper risk management.

Comments

Thank you ketan sir, your charts help me learn :)
100 coins
+1 Reply
KetanM adityastock101
Reply
Great chart and amazing analysis
+3 Reply
Awesome call. Thank you ;)
+1 Reply
@shrisudan Thanks
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Shifting to commodities on NSE holiday. Excellent chart as always
+1 Reply