Copper

[pankaj30071987]

I have short position in copper @ 430. please advise me.. how much upside can see in copper

 

[gurmy.]

copper is very bullish above 435
its near term target is 450+

 

[The Monk.]

Cover your shorts ,fundamentals and technicals are against you.

 

[pankaj30071987]

max to max upside kiyna hai....should i avg ??

 

[praveen taneja]

max to max upside kiyna hai....should i avg ??

Max upside and short build up would be 455+ zone if you can haold till then wait and avg then or lock ur loss by buying next series here and exit around 460 next series and short another at that point

Pure tukka profit loss choice all yours Jai Ram Ji KI:thumb:

 

[gurmy.]

first tgt of copper is 450 than 455 and 466
if crosses 466, than ram jaane
dont advise to average,
better wait for a correction than square short and go long

 

[pankaj30071987]

china data .....

 

[praveen taneja]

china data .....

what you mean by china data??????????????

a bad data means more chance of a stimulus in china but its sure they wont allow copper crude Natural gas to go above there limit

If copper goes above 460 that would increase there cost so less export and more import that is also a situation in which no one want to be in so I am still with max upside limited to 460:thumb::thumb: would love to short there and wait for a good Diwali Jai Ram JI KI

 

[pankaj30071987]

ha ha jai ram ji ki praveen taneja g.... avg karunga 455-458 par....uske baad jai ram ji ki...

 

[MANISH_DAMANI]

Copper has made a symmetrical triangle type of pattern in monthly chart of mcx. If start trading above 450 then a breakout of 473-483 levels possible. If it turnaround from here then only good for us. Chances are of turn around as in overbought zone. But this is market no body can predict 100 %. Due to stimulus news 2-3 days of caution till fed news. Market is full of rumors. After announcement picture will be clear. But all is short term upside correction is due.