Long Position in Natural Gas

akshit_official Updated   
MCX:NATURALGAS1!   Natural Gas Futures
Natural Gas has broken important support zone of 160-165 this week & now trading at 135.

Natural gas is approaching its next major support zone of 128-120

CMP is 135 & I'm opening long position in futures. I'll add more position if 125-126 comes.

SL would be below 119

Targets I'm expecting are 158 and 167 which was support zone before & now a resistance.

Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Trade active:
Still trading at 133-135
Trade active:
CMP 128.50

Adding more position here.
Trade active:
CMP 130

Long position open. My Average buying price is 132.
Trade active:
CMP 141.7

NG 8% up!
Trade active:
CMP 143.60

9% in profit.
Trade active:
CMP 147.70

12.4% in profit.
Trade active:
CMP 153

16.5% in profit.
Trade closed: target reached:
CMP 157.20
Closing my trading position here.
20% move captured.

although it can still move till 165 but 20% is enough for me so closing here.
Trade closed: target reached:
CMP 165

Although I closed my position at 157-158 after capturing 20% move.
All targets of my analysis hit today. 26% move captured overall.


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