Sell Nickel Below 1395 SL Above 1405 TGT 1385/1380 - Axis Securities
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Copper
MCX Copper price is trading near the support inside the symmetrical triangle pattern, price is expected to trade negatively. Any breakdown below 722 would drag down the price lower towards 717/714 levels in intraday. The price has started trading below 9,21760 hourly EMA which ich is bearish sign for the prices.
SELL COPPER BELOW 722 SL ABOVE 726 TGT 717/714
Nickel
MCX Nickel price is trading inside the diamond pattern, price is expected to trade negatively. Any breakdown below 1395 would drag down the price lower towards 1385/1380 levels intraday. The hourly momentum indicator RSI is trading at 50 and it is forming lower highs which is bearish sign for the prices .
SELL NICKEL BELOW 1395 SL ABOVE 1405 TGT 1385/1380
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