Hi guys, In this chart i Drew My Best Levels in NATURALGAS for Long position using 15min Time frames.... I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or...
i was little bias about short position in silvermic. i took this trade downside 1:3 risk to reward
Natural gas chart form Cup & handle pattern. It should long CMP 780 for target 860,905 and final target 1085
After getting height in 1st half, now its trying to achieve more height. In down side - good target after break down & retest. Upper side - breakover at 7900 try to reach 8000. then next 8200.
Analysis Points : - - 76 Weeks of Consolidation - VCP Formation - Near Trendline Breakout - Fibonacci Extension near to its Previous All time high (1st Target) - Daily chart outperforming Nifty by 3% in previous week this show relative outperformance of instrument vs Nifty. Note - This view is not for short term trading purpose this is rather positional...
Copper broke a triangle pattern and is retracing now. u can buy above 718 closing after retracement for a target of 735 and SL at 708
Neutral for now. This post is for information purpose only.
A possible up-move only if it breaks above 46825-46840 range.
There is no trend, it is NK225 that goes between 22000 and 23000 range. However, it is still difficult to understand price movements. I think that there is no problem by doing both trading and selling. << tactics >> 1) MPP (P) 22372.6 can be recognized as functioning. short. There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above...