Natural Gas buy on DipNatural gas has retraced to a good level as per Fibo retracement can be bought at current level for a good 5-15 % move.
#fibonachi
MNG1! trade ideas
natural gas day ,28.02.2023publishing herewith my idea about natural gas using day time frame , price reached a monthly level, if able to maintain it positive, if still continues with momentum , refer levels
Buy Natural Gas Future Target 215+Price has formed a bullish engulfing candlestick pattern after a prolonged bearish move. RSI has formed a positive divergence and is now above 30. MACD had earlier formed a bullish crossover and is moving consistently above its signal line. Futures data of MCX show a long build-up. A long trade can be taken in MCX futures in between 197-204. Our study indicates that the price can rise up to 215 and above that, it can rise up to 219-226. The stop-loss will be below 191 on a daily close basis. Holding duration 1-4 trading sessions.
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mcx ng bull engulf pattern it will rockks soon 248--70mcx ng bull engulf pattern it will rockks soon 248--70 so buy on dips with 197 cls base sl or solid sl 163 blw yess weekly chart pattern may push uper side
NG (MCX): Week of - 27/02/2023Levels:
Support: 200, 190, 175, 150, 120
Resistance: 220, 235, 250
OI Data (24rd March Expiry):
Nearest Major Resistance per OI data: 220
Nearest Major Support per IO data: 200
Trade setup:
1. In the chart, clearly marked which is the No-Trade, which is the BUY and which is the Sell zone.
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Trade | Level | SL | T1 | T2
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BUY | > 220 | 200 | 235| 250
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SELL | < 190 | 200 | 170 |150
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natural gas next week,27.02.2023Publishing herewith my idea about natural gas for next week using week time frame
Natural gas weekendPublishing herewith my weekend analysis of my idea
after reaching monthly Inside candle , price almost behaved like a rocket , yesterday bypasses the curved pattern and opened gap up even at the closing was able to close above another trend-line
Natural gas,24.02.2023Publishing herewith my idea about Natural gas using day time frame
one sided communication is not a healthy communication , thanks for those 2 boost
Natural gas reversal zones (Ignore earlier chart posted today)Please ignore earlier chart posted.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #NG, #Naturalgas
Natural Gas Day, 22.02.2023publishing herewith my idea about natural gas using day time frame, still above a curved trendline also near a monthly inside candle ,
[MCX] Natural Gas Intraday TradeNote - Intraday!
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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Natural Gas, month, imp graphicPublishing herewith an important idea about natural gas using monthly time frame, follow the day idea but keep this pattern also in mind
Natural gas next trading day (20.02.2023)Publishing herewith my idea about natural gas for next trading day, broken a very important consolidation zone,nothing positive accept the support of higher time frame line, candle closed inside a strong historic consolidation zone , if sellers are in control would try to break this zone in one go
Natural Gas (MCX): Week of 20/02/2023Levels:
Support: 180, 150, 120
Resistance: 200, 220, 235
OI Data (21st Feb Expiry):
Nearest Major Resistance per OI data: 200
Nearest Major Support per IO data: 200 * interesting *
Trade setup:
1. Setup: Bearish
2. 200 is the make-or-break level for this Thursday expiry. (It has 7k Call and 4.2k Put)
3. If it stays above 215-220, there will be short covering, pushing it towards 250. Go long with SL: 200 (1 point = 1250/-)
4. Below 180, it's sell.
5. Best trade is: If the price pull back above 200 (~210 level) and then shows weakness (15m / 30m timegframe), buy NaturalGas 200 PE (23rd Feb).
Put a SL (in Future) as 220. RR is great: 1:3 (210 vs 220 as SL, target 180)
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Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 220 | 200 | 235| 250
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SELL | < 180 | 200 | 150 |125
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Head and shoulder chart pattern in natural gas daily chartthis pattern shows the price will go 365 points down .You must not ignore tha chart patternd.
Natural gas reversal zones 17-2-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #NG, #Naturalgas
Natural gas dayre-publishing herewith natural gas weekly chart in day time frame , for reference check weekly idea published earlier
