Nickel
MCX:NICKEL1 Levels marked only for LEarning !!MCX:NICKEL1!
#MCX:NICKEL trading bullish and reached ATH,
Potential level marked on chart only for learning.
Also marked my trade details with entry and stop loss for easy reference.
Sharing live trades for gaining live market experience for beginners, target hit/not Hit doesn’t matter, only the experience matters.
Share your feedback to continue live trades like this, based on your response will share.
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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 View short Term Nickel is forming an short opportunity levels r been mentioned in the chart kindly see the level and trade accordingly . Volatility can seen in coming days as nickel is at critical point can give many try to test the resistance level keep stoploss wisely and trade if unable to break the resistance level then more likely it will test the given support level .
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Thank you .
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 Higher degree EW analysisOm Namah Shivay
Possible that Nickel is preparing for a turning.
Can move up to make a longer impulse.
But it is more possible that the metal could weaken
and make some corrections. If it corrects then the
targets will be 1160, 980,836
This is for educational purpose only. There are no trading suggestion in this.
Om Namah Shivay