MTECHTIPS MCX COPPER WEEKLY trading analysis 25-05-2015
Mcx copper future closed at 396.5 with loss. on daily chart copper slipped below its 1 month average and heading towards 3 month average. on upside 403 is 1 month average and on downside 390 is 3 month average and possible target for this correction. daily chart indicators are bearish and suggesting correction might get converted into downtrend in short terms.this week, copper future closed with heavy loss. this was third weekly loss for this commodity. this week copper future high was at 415 while low was at 394. total 21 rupees or 5% weekly swing and closed in red. weekly chart price trend is up but momentum clearly bearish. here also 390 is major support.for next week, below 395 expect start of bearish trend for price targets 380 and then on sell off 355. for short sellers 403 is trailing stop loss.
“A business is successful to the extent that it provides a product or service that contributes to happiness in all of its forms.” "To provide best value for money to clients through personalized service, innovative products, best trading and investment strategies and state-of-the-art technologies. We at Mtech tips believe that 'Our services combined with our clients trust will lead to a prosperous Mtech tips family'".
We are entirely client centric, with a clear focus on providing long term value addition to clients, while maintaining the highest standards of excellence, ethics and professionalism. We are committed for:
• Integrity and transparency in all Services.
• Providing investment solutions based on quality and unbiased research.
• Providing personalized services to all Subscriber and business associates.
• Achieving success through client’s growth.
Latest posts by MTECHTIPS (see all)
- MTECHTIPS;-Silver to trade in 41190-42350 range: Achievers Equities - February 1, 2017
- MTECHTIPS-Apply For 2 Days Free Equity & Commoditytrial tips - February 1, 2017
- MTECHTIPS:- Bank Nifty FEB Future: - February 1, 2017