mcx copper ------ its consolidated zone start eys on 747 if sustain abvthan mkt go to 751--52 than after 752 abv 757+++ ys hurdel 767 only abv fresh boom only where support 738 if stya blw trhan again dwn 734.90--731++ expect-- copper spot will also move
Very low inventory of stock, higher demand in ev segments, I m very bulish on this commodity
For intraday my stoploss is 438 first target is 445 and then 455
copper on 1 hour chart made a textbook head and shoulder pattern and the head was exactly at pin point rejection with resistance zone of 756-762 lvl
after completing the HnS pattern price made pullback , which was exactly rested on fib lvl of 0.5-0.6 in between which projected the price towards down side of 716.50
also there is one trend-zone coming from higher...
interdy-- buy opper 732--731 sl 728 tgt 736--38++ yes on dailly chart gvn breakout or dollor index may support for buyer buy on dipss with tight sl cmp spot abv 3.72$ looks buy only or interday base
Copper seems to be in a reactive zone now . Put this in watchlist and see how it reacts. Breakout / breakdown from either of those sides could attract a huge momentum in that respective direction.
silver trading range 71500-72965-- break any range with volume will clear move if stya blw 71500 thna expect dwn side 71110--70560++++++ where come dwn or hold abv support thna mkt dedcta bounce expect 72500++ where resistance act 72965 if stya abv more up side or if hold bwl than dwnnnnnnn again mor ein trade hrs update
MCX:COPPER1! As Per Day trading Strategy and Volume Analysis MCX:COPPER1! Looks Sell Side , if you are ready to take Risk then sell near 744, Sl 748, target 737,735
its a technical Call
Before Taking Any Entry Do your Own Analysis.
Only For Educational Purpose.
Thanks and Regards
Ajay Metha
