MCX:NICKEL 1000+ points achieved !! new target marked !!MCX:NICKEL1!
#MCX:NICKEL1 reached 1000+ points with level 2047 and now trading @ new levels,
Next potential target marked on chart.
Happy LEarning !!
Mcxnickel
2020's Uptrend Channel Is Everything For MCX NickelMCX Nickel is following the above uptrend channel from 23 Jan 2020. And making a good trade opportunity for commodity traders. Nickel's upward trend is not over yet. But we may see a downfall below the control price, and it can be up to 1686 - 1620 .
But what happens if it breaks the control price?
It's a 100% sign for a buy signal. But intraday or short-term investors should confirm that breakout before proceeding. And they must look out for candle's fakeout. Afterward, be ready for the targets of 1800 - 1840 - 1876+ .
MCX nickel’s Elliott wave projection (Target 1570)Nickel has started moving forward since March 2021. It will complete the 5th wave soon.
According to Elliott wave projection, MCX nickel can touch 1570 to end the 5th wave.
Intraday & short-term traders can buy nickel for the target of 1485.6 – 1506 – 1532 – 1550 – 1570 .
Nickel Weekly Levels Magic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
Nickel's Strong Buy Signal for Short-TermAccording to this chart, nickel is further advance. Once it breaks the hurdle, it will start marching for 1260 - 1280 - 1300 levels.
Hurdle: 1236
Whenever it hits the hurdle level, what will happen? Here, it will act as resistance. We may see reversal up to the support line ( 1212 - 1180 ).
Short-term investors can continue position for the above targets.
MCX Lead: Pitchfork, Bullish Flag & Double Top PatternHere I have used the three most popular patterns, which are pitchfork pattern , bullish flag pattern , and double top pattern on MCX Nickel daily chart.
First of all, let's start with a pitchfork pattern. Nickel is running on the support line area. This movement indicates a continuous uptrend ahead.
The second thing is the bullish flag pattern, which also indicates the same. After a short reversal, nickel will start marching for the following targets: 162 - 164 - 166+
If the trend breaks the support line, there will be an activation of the double top pattern, which indicates the fall to the following levels: 148 - 145 - 142.6
Additionally, a breakout of the neckline is a direct sign of an extreme downtrend. And that will become unstoppable and hit the following levels: 136 - 132 - 128
MCX Nickel Double Top - Potential ReversalAccording to this chart, MCX Nickel is making a double top chart pattern. It's at risk of a bearish trend after double top formation. Wherein the first top at 1158.4 level, and the second top can be between the range of 1160 - 1176 .
If it's a second top, nickel will make a large false break pin bar here. That might be up to the 1176 level. Afterward, the short-term traders can sell it for levels of 1106 - 1076 and below.
Wait for the right entry-level, don't sell above 1160 level.
Here I have drawn a neckline as a support trendline to get an accurate exit/entry point.
BUY TRADE IN NICKEL... TRIPLE BOTTOM BREAKOUTTRIPLE BOTTOM BREAKOUT IN NICKEL INITIATING A BY TRADE WITH SL BELO 1095
MCX Nickel buy and sell Level We can go for buy and sell after reach the level ...For 25 points of daily profit regularly follow my post .. from 9.30 am to 10.00 am i will update
Nickel MCX Buy and sell Levels with SL & TargetPlease Note : These are buy/sell level . these levels has to breakout in minimum 15 min candle ..
Reaching this level is not valid & Fake break out can be identified by RSI and other indicators
