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.
