Alreday give you idea about havells now forming good pattern and taking bounce from support Stricly Place SL below support zone marked in Chart Strong fundamentals , Hold tight it will surely gives you 20%+ returns in short time span thank you.
New to the world of CHARTS, but always fascinate by Fibonacci. Tried the fib Channel on Copper weekly chart, markets seem to mostly respect the time schedule as per Fib. Will keep analyzing more.
interesting / deciding week for copper. will decide its near term trend. need to close above 4.27
Copper Futures - Expanding Channel Pattern Target 1 @ 798 Target 2 @ trendline 2 StopLoss below trendline 1
let's see which line becomes its breakout line.
if the lower line is respected, a breakout above the falling wedge might lead to huge movement
* Falling Channel * TruStop negative Crossover Bullish Journey to resume above 730-739 zone #KeepItSimple
shall stay above 4.49 to obtain new high
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.
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
Look 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...
It is lying at lower line of the channel. hopefully stay in it & touch 5.16 in next few weeks