nickel mcx weekly chart
This is weekly chart of Nickel, clearcut breakout of Head and Shoulder pattern can be seen here. Weekly candle closed below neck line at Rs 626, while neckline of H & S pattern is placed at Rs 640. Perfect case of bearish breakout.
Next support is rs 552, which is prior low, where price got support in past. After that, final support is Rs 518, which is our targeted price.
One should be cautious because this is weekly chart and take its time in weeks timeframe. One should kep this in mind and trade accordingly. Some up and downs will be there as usual.
Nothing to say more about it. I will update this post with regular intervals. If you like this post, share it on facebook and other social media. I know you will not do this, but saying like this is a style of a good blogger.
Thank you, Jay Shriram.
O my god... I buy 6 lot@ 660..nd waiting for up
ReplyDeleteMay Wish u will wrong this time..
Deleteohh, I am very sorry Rakesh, if I hurt your sentiments. But this is only technical,
DeleteToday i lost all the money i have... U were right sir in selling nickle... I quit trading today.. But i truely inspired by ur call.. In this last 2 month only except one silver call ur all call were grt...but truely said i just followed only that silver call when fed rate hike ruined us.. Shayad meri kismat trading me hai nhi... Thanks for ur valuable analysis...
DeleteDestiny, प्रारब्ध....श्रीराम जयराम जय जय राम
DeleteThank u sir
ReplyDeleteगगनजी, ये विकली चार्ट है | फटाफट रिझल्ट नही आयेगा | पेशन्स हो तो हि, इसके बारेमे सोचो |
DeleteSIr, This is Ramanathan,i am very big fan of you and your views, i will share it
ReplyDeleteSIr, This is Ramanathan,i am very big fan of you and your views, i will share it
ReplyDeleteThank you ji,
DeleteThis is only technical view right sir!
ReplyDeleteBut what about fundamental of nickel is remain positive but as of now sell on rise and wait for right time of trading any view and pradiction share
Yes, I fully agree with you. This is only technical analysis. Big fundamental happenings can change the price movement. In recent past, we face big loss in silver because of profit booking rally after federal rate hike. Something this can happen. One big minor from Philipines asked permition to export nickel ore to the president, file is pending in presidents office. Any opposite decesion can give fuel to upward movement of nickel. But understand,,,, we will be last to get news.
Deletethank you sir
ReplyDeleteGood Information. I've found my answer here - commodity trading
ReplyDeleteRespective Abhi, this is my blog & you are advertising your company here again and again. Don't you feel that," this is shameless act." You are working with the Kotak securities, which is known for its good reputation. Dear, please stop this...behave like gentleman....thanking you, Vaibhav.
ReplyDelete