Copper Futures tested resistance $4.6275 and closed above support $4.425 in July. The red metal could trade at $4.790 in August. A close above $4.66 is important for #copper this month in view of growing demand for Electric Vehicles.
Buy at CMP for targets of 170/185 Good Volume and accumulation Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.
Buy Copper near 690-693 Stoploss 657 Target 750
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.