MCX Copper Price Outlook: MCX Copper prices are expected to touch ₹1020–₹1030 soon, say market experts. Traders are advised to stay calm and avoid panic at lower levels as bullish momentum builds in the base metal market.
Copper traded flat in Asia as markets assessed potential U.S. tariffs, with a decision on phased 15% and 30% duties expected by next June.
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Why to Buy Copper Today?
Right now, copper price is looking strong above 1012. It means, if copper goes above 1012, it is a good time to buy. This is because, in the chart, we see price is not falling too much, and buyers are coming at higher levels. This situation is called “bullish trend” in trading language.
If you buy mcx copper above 1012, you should keep your stop loss (SL) below 1008. Stop loss means, if price starts falling and touches 1008, you leave the trade. It saves you from big loss. Always remember, stop loss is like your safety net in the market.
Where to Book Profit?
There are two targets given: 1017 and 1024. These numbers are important because they are near resistance levels. Resistance is a place where price faces trouble to move up, as sellers come back. So, if copper reaches 1017 or 1024, you can book profit. It is smart trading: buy at breakout, book profit at strong resistance.
Support and Resistance – What They Mean
Support levels are 1007, 1003, and 998. In simple words, these are places where price usually stops falling because buyers are waiting. Resistance levels are 1012, 1019, and 1025. Here, price usually stops going up because sellers are waiting.
- If price falls: It can stop around 1007, 1003, or maybe even 998, as buyers are strong there.
- If price jumps: It can slow down near 1012, 1019, or 1025, as these are selling points.
No Open Gaps – Good News
Sometimes, in trading charts, there are “gaps” where price jumps or drops suddenly with no movement between. Today, chart shows there is no gap left open. This is good for trading, because price is moving steadily, and there are less chances for sudden surprises.
How to Trade Safely?
Let’s make it easy to remember:
- Buy only if copper goes above 1012.
- Keep stop loss below 1008 to be safe.
- First target for profit is 1017.
- Second target for profit is 1024—1030.
- If price goes down, look at support levels – maybe a chance to buy again.
Trading is like driving on Indian roads. Sometimes roads are smooth, sometimes there are bumps. Using stop loss and booking profit at right place keeps your journey safe.
Why is This Strategy Good?
This trading setup uses simple logic – buy only if price is moving up strongly, and do not risk too much. It’s important to use stop loss, so that if something goes wrong, you exit without big loss.
Remember, try not to rush into the market. Wait for price to cross 1012, only then start your trade. If you follow these steps, your chance to make profit increases, and tension becomes less.
Summary for All
In short, today’s copper chart is showing good signs for buying above 1012. Keep stop loss below 1008, book profit around 1017—1024 or 1030, and always notice support and resistance. No open gaps is a positive sign. Stay calm and trade wisely – small profits add up and save you from big losses.
⚠️ Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.