The Copper metal prices are showing signals of bottoming out.
After touching a low of Rs 138 in December (on MCX), the prices have since recovered to Rs 174 levels.
The prices in recent two months have been stagnating in the range of Rs 153 and Rs 175. Technical indicators (all are not shown here) are suggesting an upward break out of the range and a target of Rs 207 – 213 on upside.
Buy (MCX Apr) on break above Rs 177.50 with stop loss Rs 164.50 for a target at of Rs207+
Happy Trading
CA Rajiv D Khatlawala
Head - Research & Training
Jhaveri Securities Ltd.
3 comments:
sir i m mayur i m from ahmedabad .. i m interested to learn technical analysis with ur guide ...sir plz reply me mayur3_45@yahoo.in
sir plz tell ur contect detail plz
you may contact me on rajivkhatlawala@yahoo.co.in
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