Nickel trade that almost everyone missedSo I have been looking at Nickel for a few weeks now and was expecting an uptrend in it, which happened in the last couple of days. I choose not to participate because of low liquidity and the lack of volumes in options for hedging.
The reason for the rise in Nickel I believe is the expected attack of USA on Cuba and the fact that CUBA is rich in Nickel reserves which is an important raw material in making batteries.
Might show further spikes.
Nickel
NICKEL (1W) – Swing Trade SetupNICKEL
Metal | Timeframe: Weekly | Bias: Bullish
Price is showing a rounding base / cup-type structure after a long consolidation, followed by a strong breakout with volume expansion clear sign of accumulation.
Structure : Higher lows forming + breakout above range (~18k zone)
Volume : Rising on up-move → confirms strength
Pullback : Healthy retracement into breakout zone, holding support
Current Move : Fresh bullish push from demand zone
Trade Plan:
Buy Zone: 18,200 – 18,600 (on dip / retest)
Stop Loss: Below 17,200 (structure invalidation)
Targets:
T1: 20,000
T2: 21,300
T3: 23,000+ (if momentum continues)
View :
As long as price holds above the breakout base, dips are buyable. This looks like a trend continuation after accumulation, not a top.
Note : Weekly timeframe → patience required, moves can be sharp but slow to build.
⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision.
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.
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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 ...






















