MCX Live Intraday Call :
Buy MCX Copper above 402 for price target of Rs. 403.40-405 with placing a stoploss below 400.95.
MCX Copper Weekly Outlook
Buy MCX Copper above 402 for price target of Rs. 403.40-405 with placing a stoploss below 400.95.
MCX Copper Weekly Outlook
The primary trend for copper is down as we are observing lower top lower bottom formation on the weekly chart. Intermediate and minor term trend is up as there is a higher bottom higher top formation on the daily chart. The technical indicators like MACD and RSI are in a buy mode. Currently, prices are trading close to a crucial resistance of 420 which is the top to top falling trend line resistance. A sustained breakout above this level will see another round of upside in copper for targets of 445 and 465 levels.
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