BUY MCX Copper above 405.5 with SL 390 and TGT of 425 and 435, www.balajirate.in

www.balajirate.in 

we recommend to BUY MCX Copper above 405.5 with SL 390 and TGT of 425 and 435

MCX Copper Daily Chart has formed a Bullish AB=CD Harmonic pattern. The AB=CD pattern is a price structure where each price leg is equivalent. The Fibonacci numbers in the pattern must occur at specific points which gets completed at Leg D. This pattern is a bullish pattern and completes at Leg D, which usually occurs at the bottom of Bearish Trend. This pattern suggests buying near D.

LME Copper has formed Morning Star, which is a Bullish Sign and occurs at the bottom of bearish trend. But Long Term picture for LME copper looks weak and may witness selling pressure around $7700. So buying can be initiated for short term with stop loss below Morning Star Low which is at $6300.

So we recommend to BUY MCX Copper above 405.5 with SL 390 and TGT of 425 and 435