COPPER

Hello & welcome to this analysis

Copper (MCX) is making a bullish Harmonic Seahorse breakout. A weekly close above 885 would activate it for a potential upside probable target of 1000. Post breakout if it slips below 700 the pattern will have become invalid.

Good risk reward set up currently for accumulation.

Stocks which could gain from increase in copper prices - Hind Copper, Hindalco & Vedanta.

Sectors which could get hammered from increase in copper prices since its a part of their raw material for manufacturing - White goods consumer durables manufactures, Electric cables and wire manufactures & Automobile manufacturers.

All the best