Copper is forming Inverse Flag Pattern with Harmonic ABCD pattern, it may test to 2.64 at point D, in order to complete ABCD pattern. at same time it may show false upside breakout.
We have to wait for reversal candle at 2.64 level to make short position of Flag pattern target.
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As you can see Amaraja batteries moving in Rising channel, cmp 756 and channel support is near 740, with respect to Bearish butterfly harmonic pattern , point no. A-B and if C holds @ 735 (where support trendline is also seen) it will again move up to complete the pattern. Target is coming around 835 with SL at 725 DCB. Risk to reward is 1:10
if we check Weekly...
Tata steel has already given breakout from daily weekly and rested support at 420 (please check daily weekly chart), with respect to breaish butterfly harmonic pattern , point no. A-B and if C holds @ 430 (where support trendline is also seen) it will again move up to complete the pattern. Target is coming around 530 with SL at 415 dcb cmp 434. Risk to reward is...
