Is Copper Setting Up for a Bigger Breakout From ₹1,053?
Copper prices surged more than 4% in the past week, ending a month-long sideways structure and confirming a bullish breakout. With momentum building and fundamentals supporting the metal, traders and market observers are now evaluating whether this is the beginning of a sustained uptrend.
The copper futures contract on the Multi Commodity Exchange has decisively broken past the ₹990–₹1,025 congestion zone and is now trading near ₹1,053. Market structure suggests that the former resistance zone between ₹1,020 and ₹1,025 will now act as a strong support base as long as momentum remains intact.
🔹 Breakout Zone: ₹990–₹1,025
🔹 Current Price: ₹1,053
🔹 Key Support: ₹1,020–₹1,025
🔹 Expected Upside Target: ₹1,090–₹1,100
🔹 Bias: Bullish as long as price holds above ₹1,020
If you're actively navigating derivative markets, it may also be timely to review levels using a Nifty Option Level to align market bias with commodity sentiment.
| Trade Element | Suggested Level |
| Entry Price | ₹1,053 |
| Add on Dips | ₹1,040 / ₹1,030 |
| Initial Stop-loss | ₹1,010 |
| Targets | ₹1,090–₹1,100 |
| Exit Zone | ₹1,095 |
Prospects for copper remain constructive as global demand from EVs, infrastructure expansion, and battery storage continues to accelerate. Technical patterns support continuation, provided price does not violate the breakout zone.
|
Strengths
🔹 Strong breakout momentum |
Weaknesses
🔹 Sensitive to USD strength |
|
Opportunities
🔹 Breakout above ₹1,060 may trigger acceleration |
Threats
🔹 China slowdown risk |
Traders expecting sustained momentum may trail Stop-Losses dynamically as suggested: first to ₹1,050 at ₹1,060 movement, then to ₹1,060 and ₹1,070 when price approaches ₹1,068 and ₹1,080.
For broader market alignment and hedging logic, reviewing a BankNifty Option Flow may help build multi-asset confirmation.
Investor Takeaway
Certified Derivative Pro Tiger and Nifty Expert Gulshan Khera, CFP®, SEBI Registered Investment Adviser observes that copper’s technical posture reflects strength, but disciplined stop management remains essential. Breakouts in commodities often reward strategic patience and controlled scaling—never emotional chasing.
More analysis, tactical trading frameworks, and sector positioning are always available at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
Related Queries on Copper and Commodity Trading
• Is copper entering a structural bull cycle?
• What are the best risk levels for copper futures?
• How do EV and renewables impact copper demand?
• Is ₹1,100 a short-term resistance?
• Should commodity trades be hedged with equity exposure?
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
