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support at 4.68 - 4.53. it has already broke out above multi year breakout level at 4.65.
with weekly RSI at 62
target 5.13 - 5.45 in next 2 to 4 weeks possible
Copper's long rally from under 2.00 to 4.95 has been stalled and we have had a sideways move for the last few months
There is very good support at the 4.05 area, but one of the Elliottwave interpretation allows for a rapid fall to the 3.50 area.
What is visible is an a-b-c down move from May to late Jun in Wave A followed by a sideways triangle wave B. If this...
I trade in Indian Commodity Market and provide regulare trading tips.
SELL COPPER on MCX with a STOP LOSS of ₹ 725 for a TARGET of ₹ 700.
Curently copper is trading around 719.
MCX:COPPER1!
the last leg of correction should be over with its touch and go of 4.02 level.
now it has to move fast to close above 4.19 soon to show sign of strength. upward movement confirmation only above 4.36.
how many times we did see huge move in a script when such sharpening triangular move were there?
Copper Sep Long
Yesterday took support at 100 day EMA .
Today gap up open above 20 & 50 day EMA.
Buy at CMP- 725
SL- 722
Target- 728.6, 734
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
