#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...
#NICKEL Shared with Entry @ 1556 and then trailed after reaching targets and succeed in bagging 42 Points by our friends.
5th target level shared to our friends exclusively !!
Happy Trading !!
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 .
trendline breakout possibility on both long and short side
entries, stop and tgt at respective levels
my personal view is wait for breakout at long side
but cant say anything about market.
there is good risk reward ratio at both sides, though.
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 .