MCX Copper has completed the bearish head and shoulders chart pattern,
on the daily chart. The neckline support turned resistance is at 425
levels. The distance from the head to neckline support is of 50 points.
Thus, the target accordingly is around 375 levels. Any pullback in the
counter should be used to initiate shorts.
MCX Lead after forming an evening star around the previous swing high, at 132 levels, witnessed continual decline till 113 levels. Prices are on the verge of testing the primary uptrend support line which is pegged at 112 levels. If prices violate the support line, steep decline can be seen.
MCX Lead after forming an evening star around the previous swing high, at 132 levels, witnessed continual decline till 113 levels. Prices are on the verge of testing the primary uptrend support line which is pegged at 112 levels. If prices violate the support line, steep decline can be seen.
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