COPPER
Hello & welcome to this analysis
Copper (MCX) is making a bullish Harmonic Seahorse breakout. A weekly close above 885 would activate it for a potential upside probable target of 1000. Post breakout if it slips below 700 the pattern will have become invalid.
Good risk reward set up currently for accumulation.
Stocks which could gain from increase in copper prices - Hind Copper, Hindalco & Vedanta.
Sectors which could get hammered from increase in copper prices since its a part of their raw material for manufacturing - White goods consumer durables manufactures, Electric cables and wire manufactures & Automobile manufacturers.
All the best
Copper (MCX) is making a bullish Harmonic Seahorse breakout. A weekly close above 885 would activate it for a potential upside probable target of 1000. Post breakout if it slips below 700 the pattern will have become invalid.
Good risk reward set up currently for accumulation.
Stocks which could gain from increase in copper prices - Hind Copper, Hindalco & Vedanta.
Sectors which could get hammered from increase in copper prices since its a part of their raw material for manufacturing - White goods consumer durables manufactures, Electric cables and wire manufactures & Automobile manufacturers.
All the best
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.