nickel look bearish till 1521.... i bought around 1500 my target was 1601 and that's achieved in 2 days but now its looking bearish all the way to 1521. and supporting a bearish trendline as well ,, lets see.
MCX:NICKEL1!
#MCX:NICKEL1 shared with entry @ 1530 and SL1521 it reached 1553.5 till now !!
Check out the other stocks and commodities details shared today !!
MCX:NICKEL1!
#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 Sep Long
Bullish engulfing candle stick pattern
Buy at CMP-1451.2
SL- 1438.8
Target- 1462.8, 1474
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Marked support and resistance
Consolidation trading is on
Any break out trade with candle closure is suggestible.
Resistance above candle closure buy or support BD below candle closure sell.
