Copper
Copper View ( Buying opportunity ) Copper buy for initial target of 750 then 850 important levels r marked in the chart itself should be treated as demand and supply zone.
Hindcopper 214 falling wedge shall ensure a conservative target of 214 in short term. a close above 153 needed for the upmove. trigger is close above 161
The long-term outlook of MCX CopperLook at the above weekly chart of MCX Copper. It has created an ascending channel pattern without breakout. This channel started in the previous year's April month. At present, it's falling after making a tail. But how much it can go down? Copper may fall more from here, and that can be up to 728 - 710.6 levels.
But overall, it's on an uptrend. So, soon it will start marching for the following levels:
760 - 780 - 800 - 820 - 840+
COPPER $5.15+ SOONIt is lying at lower line of the channel. hopefully stay in it & touch 5.16 in next few weeks
Hind Copper - Long Set-upOne of my fav scrips.
Stock is giving a good opportunity to buy.
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#MCXCOPPER #COPPER correction completeMCX Copper has just traced out a pattern that can be interpreted as a A-B-C Zigzag from recent highs. All 5 subwaves of the final C wave seem to be in place. This now means the uptrend should be back in force to new highs. Hold longs with Stop at recent lows.
#MCXCOPPER breaking out of a triangleLook for a strong upmove the next couple of days as Copper heads out of its sideways triangle pattern. At present the triangle seems complete and the next wave upwards is in its early stages.
Copper Week 19-AprView taken on 18-Apr : Seems 4 March Mother day candle breakout upside happened on 14-Apr.. So, 16-Apr fall is only a retracement to Mother candle High (702).. Price should again bounce from 702 --- Buy if day candle is not closed below 702 in first retracement
Note: This is not positional Long view. View is for intraday Scalping ONLY... Buy at 702 to book 3-5 point Intraday profit
Copper-Sell (Positional)Feels like a fall as per my technical analysis.
Sell copper around CMP (712.45-712.5)
SL>719.3
TGT as marked
Note it's not an intraday trade.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Copper - Multi time frame + fibo + Trendline Break Down Major resistance: 690/675
Major support: 665/650
The Indicator Used:
Panel 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) Also On Lower Time Frame Charts.
PANEL 2:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
Happy Trading :)
Here's Why MCX Copper Yesterday Moved DownLong-term Investors:
Copper has broken March 2020 resistance trendline, and true resistance breakout is a clear signal to buy. Target prices for long-term traders: 760 - 800+
Intraday Traders:
But at present, MCX copper can pullback to the previous resistance line to continue an uptrend. So, intraday traders can sell for the following targets: 690 - 680 - 676
Copper Comex 100221 00.40hoursCOPPER COMEX
Monthly Chart breakut has already been witnessed above 3.25
Expect the rally towads 4.25-4.65.
resistance will be at 3.79, 3.84 and 3.98.
As long as 3.49 is not violated
A rise to test resistance and the supply zone of 4.25 or above range can be tested in due course of time with volatility.
