Falling wedge pattern is developing. Above 55 is a breakout level.
Wave 2 is over or will over soon around 35-36. Upside can go till 127 where wave 3=1.
Stock might have completed larger wave 2 and now it may move higher in wave 3 where 1=3 is at near 22300
THIS IS JUST AN OBSERVATION NOT A TRADING IDEA
If Nifty get two closing below support line then it may fall till 10600. Till then trade trade according to pattern.
When we get two daily closing below support line then it may fall to 9000-8950.
If we get two daily closing below support line then we may get 31100 or Bank nifty may head toward 33100-33200
once we get two weekly close below support line get ready for 410 within 6-7 months. disclaimer: This is just a view not any trading or investment recommendation.
Buy at between 446-448 Stoploss 436 Target 468
COPPER IS AT WEEKLY SUPPORT. IF SUPPORT HOLDS THEN IT CAN BOUNCE TO 2.77-2.82 ELSE IT WILL FALL TO 1.70. TRADING PLAN BUY AT 2.60 PUT STOP LOSS BELOW 2.52 TARGET 2.77-2.82