Mcx Copper Report : 21st February 2019

Insignia Consultants

New Delhi

Thursday, February 21, 2019

TIME 9:53 AM IST                   

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MCX COPPER REPORT

Trend for copper is bullish. Key resistance of Rs.461 needs to be broken to rise further.

Copper February 2019:  (previous day close/CMP Rs.456.40)

Bullish over 460.50 with 464.10 and 470.30 as price target.

Bearish below 455.10 with 451.80 and 447.60 as price target.

Neutral Zone: 455.10-460.50

One Support: 452.70

One Resistance: 460.40

o      Only a break of 460.50 will trigger a rise to 470.30 and 484.

o      Small sell off will be there below 455.10.

o      I am against new buys unless copper breaks and trades over 461 with stop loss below 455.10.

o      Risk traders use a sell on rise strategy with a stop loss over 465.00

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading.Website www.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

The analyses are based on closing price as per February 08, 2019. Maintaining proper stop loss is always recommended.

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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