MTECHTIPS MCX COPPER INTRADAY trading tips 29-09-2016
MTECHTIPS MCX Copper is in long- medium- short-medium- short- term bull phase .Currently Copper is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 321-320-318-316-.Resistance for the Copper is 326-
Short term and Intraday Level of COPPER
Currently Copper is in HOLD SHORT position Copper is in sideways so for short term better buy above 328.4 with stop at 321.2 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 327.6 with a stop at 322.5 Below 321.3 go for sell and put stop at 326.4.