SlideShare a Scribd company logo
SEBI Registered – Research Analyst
On daily chart it can be observed that prices formed
bearish candlestick following “Doji” candlestick.
Prices have taken resistance near 50 % Retracement level
of the previous down move from 368 – 329 levels which
indicates prices could start drifting lower back towards its
immediate low of 329 levels followed by 322 levels.
Moreover the momentum indicator, MACD has given
negative sign as it moved below zero line.
Prices have taken resistance at 21 days exponential
moving average which has worked well in providing
support and resistance.
Super trend indicator, suggest the current trend is still
weak which suggest rallies can be used as selling
opportunity.
Based on the above technical setup, we expect prices could
drift lower towards 322 levels in few trading sessions as
long as 348.5 levels are capped on higher side.
Sell Copper @ 338.45 SL 348.5 TGT 322
08th Oct 2015
TECHNO Sell
*Please Refer Disclaimer on Website WWW.CHOICEINDIA.COM
www.choiceindia.com
Contact Us
Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the
information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the
correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any
inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements.
Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in
this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or
warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and
any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report
however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification,
copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance
may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
www.choiceindia.comcustomercare@choiceindia.com
Research Team
Mr. Sumeet Bagadia Associate Director
Ritesh Patel Research Associate
Amit Pathania Research Associate
Trirashmi Ghoderao Research Advisor
Neeraj Yadav Research Advisor
Kunal Parmar Research Associate
Vikas Chaudhari Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
TECHNO Sell 08th Oct 2015
Ritesh Patel
Digitally signed by Ritesh Patel
DN: cn=Ritesh Patel, o=Choice Merchandise Broking
Pvt. Ltd., ou=Research Department,
email=ritesh.patel@choiceindia.com, c=IN
Date: 2015.10.08 22:51:06 +05'30'

More Related Content

What's hot

Techno Buy: NMDC
Techno Buy: NMDCTechno Buy: NMDC
Techno Buy: NMDC
choice broking
 
Techno Buy: Tata Sponge
Techno Buy: Tata SpongeTechno Buy: Tata Sponge
Techno Buy: Tata Sponge
choice broking
 
Techno buy srt
Techno buy srtTechno buy srt
Techno buy srt
Choice Equity
 
Traders choice jbchempharma
Traders choice   jbchempharmaTraders choice   jbchempharma
Traders choice jbchempharma
Choice Equity
 
Techno buy amrutanjan
Techno buy amrutanjanTechno buy amrutanjan
Techno buy amrutanjan
Choice Equity
 
ChoiceBroking Techno Buy: INDUSIND BANK
ChoiceBroking Techno Buy: INDUSIND BANKChoiceBroking Techno Buy: INDUSIND BANK
ChoiceBroking Techno Buy: INDUSIND BANK
choice broking
 
Traders choice indocount
Traders choice   indocountTraders choice   indocount
Traders choice indocount
Choice Equity
 
Traders choice mmtc
Traders choice   mmtcTraders choice   mmtc
Traders choice mmtc
Choice Equity
 
Traders choice icicibank
Traders choice   icicibankTraders choice   icicibank
Traders choice icicibank
Choice Equity
 
Techno BUY: CADILAHC
Techno BUY: CADILAHCTechno BUY: CADILAHC
Techno BUY: CADILAHC
choice broking
 
Techno sell bajaj-auto
Techno sell bajaj-autoTechno sell bajaj-auto
Techno sell bajaj-auto
Choice Equity
 
Techno buy indusindbnk05012017
Techno buy indusindbnk05012017Techno buy indusindbnk05012017
Techno buy indusindbnk05012017
choice broking
 
Traders choice kei
Traders choice   keiTraders choice   kei
Traders choice kei
Choice Equity
 
Traders choice indianb
Traders choice   indianbTraders choice   indianb
Traders choice indianb
Choice Equity
 
Traders choice powergrid
Traders choice   powergridTraders choice   powergrid
Traders choice powergrid
Choice Equity
 
Traders choice gruh
Traders choice   gruhTraders choice   gruh
Traders choice gruh
Choice Equity
 
Techno buy usdinr 29082016
Techno buy usdinr 29082016Techno buy usdinr 29082016
Techno buy usdinr 29082016
Choice Equity
 
Traders choice pidilitind
Traders choice   pidilitindTraders choice   pidilitind
Traders choice pidilitind
choice broking
 
Techno Buy: BANKBARODA
Techno Buy: BANKBARODATechno Buy: BANKBARODA
Techno Buy: BANKBARODA
choice broking
 
Mr. Sumeet Bagadia View on Asian Paints
Mr. Sumeet Bagadia View on Asian PaintsMr. Sumeet Bagadia View on Asian Paints
Mr. Sumeet Bagadia View on Asian Paints
choice broking
 

What's hot (20)

Techno Buy: NMDC
Techno Buy: NMDCTechno Buy: NMDC
Techno Buy: NMDC
 
Techno Buy: Tata Sponge
Techno Buy: Tata SpongeTechno Buy: Tata Sponge
Techno Buy: Tata Sponge
 
Techno buy srt
Techno buy srtTechno buy srt
Techno buy srt
 
Traders choice jbchempharma
Traders choice   jbchempharmaTraders choice   jbchempharma
Traders choice jbchempharma
 
Techno buy amrutanjan
Techno buy amrutanjanTechno buy amrutanjan
Techno buy amrutanjan
 
ChoiceBroking Techno Buy: INDUSIND BANK
ChoiceBroking Techno Buy: INDUSIND BANKChoiceBroking Techno Buy: INDUSIND BANK
ChoiceBroking Techno Buy: INDUSIND BANK
 
Traders choice indocount
Traders choice   indocountTraders choice   indocount
Traders choice indocount
 
Traders choice mmtc
Traders choice   mmtcTraders choice   mmtc
Traders choice mmtc
 
Traders choice icicibank
Traders choice   icicibankTraders choice   icicibank
Traders choice icicibank
 
Techno BUY: CADILAHC
Techno BUY: CADILAHCTechno BUY: CADILAHC
Techno BUY: CADILAHC
 
Techno sell bajaj-auto
Techno sell bajaj-autoTechno sell bajaj-auto
Techno sell bajaj-auto
 
Techno buy indusindbnk05012017
Techno buy indusindbnk05012017Techno buy indusindbnk05012017
Techno buy indusindbnk05012017
 
Traders choice kei
Traders choice   keiTraders choice   kei
Traders choice kei
 
Traders choice indianb
Traders choice   indianbTraders choice   indianb
Traders choice indianb
 
Traders choice powergrid
Traders choice   powergridTraders choice   powergrid
Traders choice powergrid
 
Traders choice gruh
Traders choice   gruhTraders choice   gruh
Traders choice gruh
 
Techno buy usdinr 29082016
Techno buy usdinr 29082016Techno buy usdinr 29082016
Techno buy usdinr 29082016
 
Traders choice pidilitind
Traders choice   pidilitindTraders choice   pidilitind
Traders choice pidilitind
 
Techno Buy: BANKBARODA
Techno Buy: BANKBARODATechno Buy: BANKBARODA
Techno Buy: BANKBARODA
 
Mr. Sumeet Bagadia View on Asian Paints
Mr. Sumeet Bagadia View on Asian PaintsMr. Sumeet Bagadia View on Asian Paints
Mr. Sumeet Bagadia View on Asian Paints
 

Viewers also liked

Cm fnum 108 una sociedad en igualdad y sin violencia contra la mujer
Cm fnum 108 una sociedad en igualdad y sin violencia contra la mujerCm fnum 108 una sociedad en igualdad y sin violencia contra la mujer
Cm fnum 108 una sociedad en igualdad y sin violencia contra la mujer
Lidia Milena
 
Video gestion[1]
Video gestion[1]Video gestion[1]
Video gestion[1]
MariaTM8
 
Aragondigital
AragondigitalAragondigital
Aragondigital
zaragozaeducadora
 
Rédaction Profil Bio AIMS Alumni
Rédaction Profil Bio AIMS AlumniRédaction Profil Bio AIMS Alumni
Rédaction Profil Bio AIMS Alumni
Independent consultant
 
Youth Participation Poster
Youth Participation PosterYouth Participation Poster
Youth Participation Poster
toyosi oyebanji
 
Rumboldt, Chris Resume
Rumboldt, Chris ResumeRumboldt, Chris Resume
Rumboldt, Chris Resume
chris rumboldt
 
Abuelitas y niños
Abuelitas y niñosAbuelitas y niños
Abuelitas y niños
paula taiana
 
Foreign languages
Foreign languagesForeign languages
Foreign languages
foreignlanguagescommittee
 
Masonic OES Ties
Masonic OES Ties Masonic OES Ties

Viewers also liked (12)

Cm fnum 108 una sociedad en igualdad y sin violencia contra la mujer
Cm fnum 108 una sociedad en igualdad y sin violencia contra la mujerCm fnum 108 una sociedad en igualdad y sin violencia contra la mujer
Cm fnum 108 una sociedad en igualdad y sin violencia contra la mujer
 
Video gestion[1]
Video gestion[1]Video gestion[1]
Video gestion[1]
 
Aragondigital
AragondigitalAragondigital
Aragondigital
 
Rédaction Profil Bio AIMS Alumni
Rédaction Profil Bio AIMS AlumniRédaction Profil Bio AIMS Alumni
Rédaction Profil Bio AIMS Alumni
 
Youth Participation Poster
Youth Participation PosterYouth Participation Poster
Youth Participation Poster
 
Rumboldt, Chris Resume
Rumboldt, Chris ResumeRumboldt, Chris Resume
Rumboldt, Chris Resume
 
Abuelitas y niños
Abuelitas y niñosAbuelitas y niños
Abuelitas y niños
 
Foreign languages
Foreign languagesForeign languages
Foreign languages
 
Kundalini evolution
Kundalini evolutionKundalini evolution
Kundalini evolution
 
PhD project description Norwegian
PhD project description NorwegianPhD project description Norwegian
PhD project description Norwegian
 
IOSH
IOSHIOSH
IOSH
 
Masonic OES Ties
Masonic OES Ties Masonic OES Ties
Masonic OES Ties
 

Similar to Techno sell copper 08.10.15

Techno Sell: COPPER
Techno Sell: COPPERTechno Sell: COPPER
Techno Sell: COPPER
choice broking
 
Techno sell aluminium 06.10.15
Techno sell   aluminium 06.10.15Techno sell   aluminium 06.10.15
Techno sell aluminium 06.10.15
choice broking
 
Traders choice bhartiartl
Traders choice   bhartiartlTraders choice   bhartiartl
Traders choice bhartiartl
Choice Equity
 
Techno Sell - Aluminium
Techno Sell - AluminiumTechno Sell - Aluminium
Techno Sell - Aluminium
choice broking
 
Traders choice moil
Traders choice   moilTraders choice   moil
Traders choice moil
choice broking
 
#‎ChoiceBroking‬ ‪#‎Techno‬ ‪#‎Buy‬: ‪#‎ICICIBANK‬
#‎ChoiceBroking‬ ‪#‎Techno‬ ‪#‎Buy‬: ‪#‎ICICIBANK‬#‎ChoiceBroking‬ ‪#‎Techno‬ ‪#‎Buy‬: ‪#‎ICICIBANK‬
#‎ChoiceBroking‬ ‪#‎Techno‬ ‪#‎Buy‬: ‪#‎ICICIBANK‬
choice broking
 
Traders choice indiacem
Traders choice   indiacemTraders choice   indiacem
Traders choice indiacem
Choice Equity
 
Traders choice adsl
Traders choice   adslTraders choice   adsl
Traders choice adsl
Choice Equity
 
Techno Buy : UPL
Techno Buy : UPLTechno Buy : UPL
Techno Buy : UPL
choice broking
 
Techno Sell: Silver
Techno Sell: Silver Techno Sell: Silver
Techno Sell: Silver
choice broking
 
Techno buy bhartiartl
Techno buy bhartiartlTechno buy bhartiartl
Techno buy bhartiartl
choice broking
 
Techno Buy: RELIANCE
Techno Buy: RELIANCETechno Buy: RELIANCE
Techno Buy: RELIANCE
choice broking
 
Traders choice godrejprop
Traders choice   godrejpropTraders choice   godrejprop
Traders choice godrejprop
choice broking
 
ChoiceBroking Techno Buy: HDFC LTD.
ChoiceBroking Techno Buy: HDFC LTD. ChoiceBroking Techno Buy: HDFC LTD.
ChoiceBroking Techno Buy: HDFC LTD.
choice broking
 
Traders choice kiriindus
Traders choice   kiriindusTraders choice   kiriindus
Traders choice kiriindus
Choice Equity
 
Traders choice lloydeleng
Traders choice  lloydelengTraders choice  lloydeleng
Traders choice lloydeleng
Choice Equity
 
Traders choice eidparry
Traders choice   eidparryTraders choice   eidparry
Traders choice eidparry
Choice Equity
 
Techno Buy Nickel
Techno Buy NickelTechno Buy Nickel
Techno Buy Nickel
choice broking
 
Traders Choice
Traders ChoiceTraders Choice
Traders Choice
choice broking
 
Traders choice coalindia
Traders choice   coalindiaTraders choice   coalindia
Traders choice coalindia
Choice Equity
 

Similar to Techno sell copper 08.10.15 (20)

Techno Sell: COPPER
Techno Sell: COPPERTechno Sell: COPPER
Techno Sell: COPPER
 
Techno sell aluminium 06.10.15
Techno sell   aluminium 06.10.15Techno sell   aluminium 06.10.15
Techno sell aluminium 06.10.15
 
Traders choice bhartiartl
Traders choice   bhartiartlTraders choice   bhartiartl
Traders choice bhartiartl
 
Techno Sell - Aluminium
Techno Sell - AluminiumTechno Sell - Aluminium
Techno Sell - Aluminium
 
Traders choice moil
Traders choice   moilTraders choice   moil
Traders choice moil
 
#‎ChoiceBroking‬ ‪#‎Techno‬ ‪#‎Buy‬: ‪#‎ICICIBANK‬
#‎ChoiceBroking‬ ‪#‎Techno‬ ‪#‎Buy‬: ‪#‎ICICIBANK‬#‎ChoiceBroking‬ ‪#‎Techno‬ ‪#‎Buy‬: ‪#‎ICICIBANK‬
#‎ChoiceBroking‬ ‪#‎Techno‬ ‪#‎Buy‬: ‪#‎ICICIBANK‬
 
Traders choice indiacem
Traders choice   indiacemTraders choice   indiacem
Traders choice indiacem
 
Traders choice adsl
Traders choice   adslTraders choice   adsl
Traders choice adsl
 
Techno Buy : UPL
Techno Buy : UPLTechno Buy : UPL
Techno Buy : UPL
 
Techno Sell: Silver
Techno Sell: Silver Techno Sell: Silver
Techno Sell: Silver
 
Techno buy bhartiartl
Techno buy bhartiartlTechno buy bhartiartl
Techno buy bhartiartl
 
Techno Buy: RELIANCE
Techno Buy: RELIANCETechno Buy: RELIANCE
Techno Buy: RELIANCE
 
Traders choice godrejprop
Traders choice   godrejpropTraders choice   godrejprop
Traders choice godrejprop
 
ChoiceBroking Techno Buy: HDFC LTD.
ChoiceBroking Techno Buy: HDFC LTD. ChoiceBroking Techno Buy: HDFC LTD.
ChoiceBroking Techno Buy: HDFC LTD.
 
Traders choice kiriindus
Traders choice   kiriindusTraders choice   kiriindus
Traders choice kiriindus
 
Traders choice lloydeleng
Traders choice  lloydelengTraders choice  lloydeleng
Traders choice lloydeleng
 
Traders choice eidparry
Traders choice   eidparryTraders choice   eidparry
Traders choice eidparry
 
Techno Buy Nickel
Techno Buy NickelTechno Buy Nickel
Techno Buy Nickel
 
Traders Choice
Traders ChoiceTraders Choice
Traders Choice
 
Traders choice coalindia
Traders choice   coalindiaTraders choice   coalindia
Traders choice coalindia
 

Recently uploaded

2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf
Neal Brewster
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
mayaclinic18
 
An Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault worksAn Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault works
Colin R. Turner
 
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
AntoniaOwensDetwiler
 
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
sameer shah
 
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdfWho Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
Price Vision
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Donc Test
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
rlo9fxi
 
Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]
Commonwealth
 
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
conose1
 
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
5spllj1l
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
Lawrence101
 
Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!
FinTech Belgium
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
Falcon Invoice Discounting
 
The Impact of GST Payments on Loan Approvals
The Impact of GST Payments on Loan ApprovalsThe Impact of GST Payments on Loan Approvals
The Impact of GST Payments on Loan Approvals
Vighnesh Shashtri
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
Neal Brewster
 
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsUsing Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trends
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
egoetzinger
 
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
5spllj1l
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Vighnesh Shashtri
 

Recently uploaded (20)

2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
 
An Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault worksAn Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault works
 
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
 
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
 
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdfWho Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
 
Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]
 
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理一比一原版(IC毕业证)帝国理工大学毕业证如何办理
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
 
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
 
Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
 
The Impact of GST Payments on Loan Approvals
The Impact of GST Payments on Loan ApprovalsThe Impact of GST Payments on Loan Approvals
The Impact of GST Payments on Loan Approvals
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
 
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsUsing Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trends
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
 
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
 

Techno sell copper 08.10.15

  • 1. SEBI Registered – Research Analyst On daily chart it can be observed that prices formed bearish candlestick following “Doji” candlestick. Prices have taken resistance near 50 % Retracement level of the previous down move from 368 – 329 levels which indicates prices could start drifting lower back towards its immediate low of 329 levels followed by 322 levels. Moreover the momentum indicator, MACD has given negative sign as it moved below zero line. Prices have taken resistance at 21 days exponential moving average which has worked well in providing support and resistance. Super trend indicator, suggest the current trend is still weak which suggest rallies can be used as selling opportunity. Based on the above technical setup, we expect prices could drift lower towards 322 levels in few trading sessions as long as 348.5 levels are capped on higher side. Sell Copper @ 338.45 SL 348.5 TGT 322 08th Oct 2015 TECHNO Sell *Please Refer Disclaimer on Website WWW.CHOICEINDIA.COM
  • 2. www.choiceindia.com Contact Us Disclaimer This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment. POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No. www.choiceindia.comcustomercare@choiceindia.com Research Team Mr. Sumeet Bagadia Associate Director Ritesh Patel Research Associate Amit Pathania Research Associate Trirashmi Ghoderao Research Advisor Neeraj Yadav Research Advisor Kunal Parmar Research Associate Vikas Chaudhari Research Associate Rajnath Yadav Research Associate Satish Kumar Research Associate TECHNO Sell 08th Oct 2015 Ritesh Patel Digitally signed by Ritesh Patel DN: cn=Ritesh Patel, o=Choice Merchandise Broking Pvt. Ltd., ou=Research Department, email=ritesh.patel@choiceindia.com, c=IN Date: 2015.10.08 22:51:06 +05'30'