COPPERCopper has given good run up in past 10 months. now is the time for take a breadth and do some sideways movement for few months then take up the next up move.
790 - 760 may not break during this retracment
LUC1! trade ideas
Copper MCX Future Weekly Technical Chart Analysis 20-24 May📈 Copper MCX Future Technical Chart Analysis: 20-24 May, 2024
📊 Range Trigger Point: 916.75
📉 Day Range: 50.35 Point
📈 Buy Above: 900.27
💼 Average Position: 894.33
🎯 Buy Target 1: 947.87
🎯 Buy Target 2: 967.10
🛑 Stoploss: 883.49
💰 Sale Below: 888.38
💼 Sale Target 1: 885.63
💼 Sale Target 2: 866.40
🛑 Stoploss: 905.16
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#Copper #CopperFutures #CopperMCX #MCX #MCXTrading #CopperOptions #CommoditiesTrading #CommoditiesMarket #TradingStrategies #MarketAnalysis
Copper MCX sold at 937. , now at 889 , 48 points profit runningOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper sell given at 937 now at 923 , hold it downside big targtOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper MCX made it's top sell on risw till 906 not break On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper sell at 906 -907 we can see recent low again Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
CopperSL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Copper book profit now , sold at 937 cmp 883 In last 3 days we get massive profit Copper 71 points profit, Sold at 937 booked at 893 , again buy at 885 booked at 902. Again sold at 893 booked at 883
Gold Sold at 74100 , profit booked at 71400 , 2700 points profit
Silver sold at 94000 , profit booked at 90300 , 3700 points profit
Crude Sold at 6650 , booked at 6350 300 points profit
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper sold from 937 CMP 883 , next tgt 876 , 860 -857 , 837-834On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper sold 937 booked at 893 buy at 885 and sold at 902, 60 ptOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper now at 904 sell given at 937 enjoy 82500 rs profit perlotOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper MCx sell trade active we can see huge fall On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
copper FutureCopper is showing good momentum on chart. ascending tringle breakout on daily chart. next target is marked on chart
Bullish - COPPERCopper seems to be breaking out of a continuing Triangle Pattern , Let's observe how it goes.
Copper sell trade given today at 868 hold it 859, 854 Target On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Comex Copper = Explosive Nifty to Unfold in 2024 ?Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
-----------------------------------------------------------------------------------------------
Copper Outlook
---------------------------
1. Setting the Stage for Explosive Moves:
- Copper is recognized as a barometer of economic growth, and its performance can provide insights into broader market movements.
- In January 2023, I predicted copper would see explosive growth in 2023-2024. This was confirmed in November 2023 when the corrective wave 2 completed in a truncated wedge pattern, providing a strong foundation for significant gains.
Comex Copper in Nov 2023 ( Explosive Wave to Unfold Next?)
---------------------------------------------------------------------------
2. Rising Demand:
- Copper cathode demand reached 598,000 tonnes (81.2% of the previous year's total) by November 2023.
- Imports of copper cathode, scrap, and wire rods soared by 174%, 56%, and 13% year-on-year, respectively.
- This robust demand hints at double-digit growth in FY24. The Indian government's focus on infrastructure, clean energy, and consumer spending is expected to sustain this growth.
3. Production Challenges and Future Solutions:
- India's smelting capacity was halved due to facility closures, turning the nation from a net exporter to a significant importer.
- The upcoming Adani smelter (5 lakh tonnes capacity) and potential reopening of the Sterlite smelter in 2024 could help India reclaim its status as a net copper exporter.
Nifty / BankNifty Outlook
-------------------------------------
1. Explosive Moves Expected:
- The Nifty index started forming a well know rising pattern around the 18,800-19,000 zone in October to November 2023, suggesting a significant move ahead. This famous pattern was rising wedge.
- This pattern was debated on WaveTalks as either an ending or leading diagonal, offering different implications for future market moves.
2. Elliott Wave Analysis Insights:
- Applying Elliott Wave Analysis gave clarity to potential market paths, allowing for strategic decisions at tops and bottoms.
- As patterns unfolded as expected for Copper, the market outlook became increasingly clear for equities as Copper is a barometer of economic growth.
3. Conclusion:
- The Indian equity markets, particularly Nifty and BankNifty, appear set for more explosive moves.
- Time will reveal how far the markets can go, but the whispers of the market suggest significant growth ahead.
Signing off from WaveTalks: Market Whispers! Can you hear them?
From WaveTalks
Abhishek
Copper mcx sell given at 844 hold it 848 SL , 838, 829, 816 ,799On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
copper update blw edu pur.copper mcx stya abv 840 looks up side till 850--70++++++ where support 830 if blw thna mkt dwn 822--19 expect over all looks bull zone one can take buy side with support sl
Copper MCX Future Weekly Chart Analysis 08-12 April📊 COPPER 28 MAR WEEKLY FUT LEVELS
🎯 Weekly Range: 42.55
📉 Buy at: 788.15
🎯 Buy Target 1: 827.70
🎯 Buy Target 2: 843.95
📉 Average Position: 783.13
🛑 Buyer Stoploss: 773.97
📉 Sell at: 778.10
🎯 Sell Target 1: 775.10
🎯 Sell Target 2: 758.85
🛑 Seller Stoploss: 792.28
Copper Made HammerBullish Reversal - Hammer On Weekly TF
Buy At Cmp - 709.75
SL - 689 ( Weekly Closing Basis )
Target - 745/760
Conservative Traders May Wait For 700-702
( May Or May Not Come )
Copper Weekly Break Out Underway. Buy on Dips For Bigger TargetsBullish View: Copper's weekly breakout move in underway currently. With the first target being achieved this week.
The chart pattern suggests its a 'Buy on Dip' opportunity and we could look to enter in the Buying Zone as shown in the chart for higher targets. Of course this view is negated at the breach of 680 levels on weekly closing basis.
We could play the rising copper trade as a Pair trade set up by going long those companies which stand to benefit from rising copper and shorting those companies (or at-least avoiding going long) which can face problems on account of rising copper prices.
Examples of companies that can benefit are: Hindustan Copper, Hindalco, Sterlite Copper.
Examples of companies that can face pressure are: Havells, PolyCab, KEI Industries, Finolex, etc.
Copper 732 Target hit buy given from 724 On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
copper mcx breakout update blw copper spot blw 3.81$ looks dwn fall 3.75--3.70$ in mcx looks breakout sell copper 723@--724 sl 726 tgt 720--715++++++
