Hello Friends, here we had shared possible Elliot wave counts of NaturalGas on weekly time frame to daily, 4hourly and hourly time frames which seems aligned with each other, so the conviction increases. Well, on weekly time frame it seems that post impulse move, currently we are unfolding correction which is already at werge of completion, after A,B we are now in...
Levels: Support: 195, 180. 173, 163, 150 Resistance: 200-205, 210, 215, 220 OI Data (24rd March Expiry): Nearest Major Resistance per OI data: 220 Nearest Major Support per IO data: 180 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 210 | 210 | 220 |...
Levels: Support: 200, 175, 150, 120 Resistance: 212, 250 OI Data (24rd March Expiry): Nearest Major Resistance per OI data: 220 Nearest Major Support per IO data: 200 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 220 | 200 | 235|...
Levels: Support: 200, 190, 175, 150, 120 Resistance: 220, 235, 250 OI Data (24rd March Expiry): Nearest Major Resistance per OI data: 220 Nearest Major Support per IO data: 200 Trade setup: 1. In the chart, clearly marked which is the No-Trade, which is the BUY and which is the Sell zone. +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 ...
Levels: Support: 180, 150, 120 Resistance: 200, 220, 235 OI Data (21st Feb Expiry): Nearest Major Resistance per OI data: 200 Nearest Major Support per IO data: 200 * interesting * Trade setup: 1. Setup: Bearish 2. 200 is the make-or-break level for this Thursday expiry. (It has 7k Call and 4.2k Put) 3. If it stays above 215-220, there will be short...
Levels: Support: 200-190 Resistance: 220, 230, 250 OI Data (21st Feb Expiry): Nearest Major Resistance in NG per OI data: 220, 230, 250 Nearest Major Support in NG per IO data: 200 Trade setup: 1. Looking at the OI data, most likely range-round is: 200-250 +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 |...
Levels: Support: 150, 120 Resistance: 250, 290, 310, 330 OI Data (21st Feb Expiry): Nearest Major Resistance in Crude per OI data: 220 Nearest Major Support in Crude per IO data: 200
A new impulsive structure has emerged from the low of 265.5 in natural gas. Price has accomplished wave (5) and started the zigzag correction at 801. Currently, Natural gas is forming sub-wave 5 of impulsive wave C. Natural gas has also broken down 200 EMA and the base channel of 2 – 4 wave, which signals bearish momentum. It has faced strong support of ...
Natural gas has completed the impulsive cycle at 801 and started collapsing to form the corrective process. In this corrective cycle, the price has accomplished the corrective wave B and started constructing wave C of normal zigzag correction. There are two reversal points for natural gas: 1) Wave C can occur near wave (4) 2) wave C can accomplish its...
In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets. Click here - ----------------------------------------------------- Timeframe : MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C,...
Natural Gas Reversal at 300 levels Downtrend Reversal observed Near 20 and 50 EMA crossover Resistance level - 318, 350, 400 Final Target of 400 SL - 300 This chart is only for educational purpose
Major Support Level: 295 Major Resistance Levels: 370, 420, 525 Per OI data: Max Resistance: 320 Max Support: 300
Levels: Support: 430, 400, 380, 350 Resistance: 450, 500-520, 550 OI Data (23rd Jan Expiry): Nearest Major Resistance in Crude per OI data: 450 Nearest Major Support in Crude per IO data: 400 Trade setup: 1. Looking at the OI data, most likely range-round is: 400-500 +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 |...
Supports: 508, 490, 475 Resistance: 525-535, 550, 570 Buy opportunity above: 535, SL: 510 Sell opportunity below: 490, SL: 510
In Hourly chart, MCX Natural Gas (NG) is showing a positive divergence. It's clear. The price is making lows, but the RSI is making higher low. Means price will go up to follow the RSI momemtum. Max OI for Dec'23 expiry: 550 has max Call and PUT (2.5K total - that's pretty high in NG terms). Trade Plan: Expecting price will bounce back from CMP upto 560. Then...
Today's session is 5:00 pm onwards. The NG is purely in uptrend with very good momemtum. Max Calls are in 550 level. 520 has good support.
Natural Gas, wave 2 of some lower degree is possible completed now, and now at same degree wave 3 may unfold next, with invalidation level of wave 1's low, which is pegged at $ 6.426 If it breaks low of wave 1 ($ 6.426) then it may be invalidate our current bias. Most investors treat trading as a hobby because they have a full-time job doing something...
Natural Gas on MCX (INR) making an head and shoulder Resistance 725 Downside Possible 520-475