One of my fav scrips. Stock is giving a good opportunity to buy. Follow us on Tgram. Tgram: Stocks 101
Consolidation almost over, good upmove possible
once it break go long. Don't sell until the ride end. Follow @prmshwrn
MCX 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.
Look 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.
Buy Copper At Cmp 4.1235 SL - 3.9880 Target - 4.32
View 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...
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.
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...
Long-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 -...
COPPER 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.
mcx copper sell possible up to 580 560
Om Namah Shivay Copper can move little higher and them come down. Looks the following structure is a correction and can be a flat or a Triangle. Structure will be clear later. Only for educational purpose and no trading suggestion. Om Namah Shivay
Potential reversal zone 625-626 expecting to test 616 view negated above 630 daily close Thanks Jigar Pateel 8898030401