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
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 -...