March 6, 2012

COPPER Falling from a Diamond

  • Copper falling from a bearish Diamond pattern.
  • Bears need to break 50 SMA and the up trend line for extending gains. Unable to close below 50 SMA should result in a up move.
  • Breaking below 50 SMA may target 3.6818 levels.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

5 comments:

  1. Thanks a lot San ... thats all i wanted :)

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  2. I am expecting a New low in copper .... It is going to melt i thinks and so a new low in hindalco tooo :)

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  3. @POWERTRADE
    It's breaking down in your favor, one thing you need is this to hold till tomorrows Opening so that you may get a GAP down in Hindalco.

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  4. Yes San

    All holding ... Tata Steeel and Hindalco ... Enough for my holi day .. dhuleti :)

    thanks really for all your charts :) help me a lot really

    Earlier Relaince charts also gave a fortune and today i covered all my reliance 800 puts :)

    ReplyDelete
  5. VERY GOOD ANALYSIS...
    http://technicalanalysiscentre.blogspot.in/

    ReplyDelete

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