Natural Gas has been consolidating just below a key resistance level around ₹247–₹248, with multiple rejection points in recent sessions (marked by red arrows). The current price action shows renewed buying pressure, with candles testing the resistance zone once again.
Technical View:
The horizontal resistance has acted as a strong supply zone multiple times.
A decisive breakout and close above ₹248 could open the path for further upside momentum.
Immediate support is placed near ₹244.20, which serves as a stop-loss reference for breakout traders.
Trading Perspective:
If price sustains above the resistance level with volume confirmation, the breakout could trigger a short-term bullish move toward higher targets. However, failure to hold above this zone may lead to another pullback within the range.
Technical View:
The horizontal resistance has acted as a strong supply zone multiple times.
A decisive breakout and close above ₹248 could open the path for further upside momentum.
Immediate support is placed near ₹244.20, which serves as a stop-loss reference for breakout traders.
Trading Perspective:
If price sustains above the resistance level with volume confirmation, the breakout could trigger a short-term bullish move toward higher targets. However, failure to hold above this zone may lead to another pullback within the range.
Trade active
Target done
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Contact below to get access ⬇️
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✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Get BTST Toolkit:
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.