Om Namah Shivay
for Nickel, we keep our previous target of 1450 as it is.
The current move looks still positive and and a target to 1384 can be kept now.
Om Namah Shivay
Nickel is on way to cross 1500 levles. Some hiccups might be there but until it breaks 1200 on DCB , there is no weakness in the counter. Dip wards 1330 can be used to initiate long and add more aound 1290.
Disc : it's not an investment advice to buy or sell
Om 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 recommendation.
(Om Namah Shivay means - I the Soul, respect to...
Om 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
Buy in dip around 1236-1205 SL 1130 Target 1520 . View is for current contract but trade accordingly in farthest month contract
Disc : It's not an investment advise to buy or sell
According 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.
Nickel formed descending channel pattern.
As long as prices remain within the descending channel, the downward trend in price can be expected to continue.
The direction of the break will determine whether it’s a continuation or a reversal .
Trade with stoploss
(Trading is probability).
Nickel Weekly Chart Analysis Forecast View.
Nickel Day per day high to high price come, but I think now nickel crate soon sell setup this 1180 more than 1360 level any level under Nickel soon the big fall..... .
Long Trader Good Sell setup level 1270 to 1360 .
Good luck Guys
