Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More
* MCX Copper has continued to move in a narrow range over last few days. As of now prices are trading with negative bias.
* The above daily chart shows that prices have been intact in broader range of 460 and 445 levels. To witness any kind of trending move break of any of these level is important.
* RSI has been turned on downside and has made lower highs lower lows which is bearish sign.
* From last 3 days it has been failing to give close above 455 level which is negative sign.
* In short, over medium term one should use sell on rallies approach as long as 459 is intact on upside. Break of 445 will be further bearish sign towards 437 levels.
Strategy: MCX Copper June Sell in the range of 450-452 with 456 as stop loss and target of 437 levels.
To Read Complete Report & Disclaimer Click Here
For More Reliance Securities Ltd disclaimer at http://www.rsec.co.in/disclaimer SEBI registration No. INH000002384
Views express by all participants are for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer