ng 4 hrs
Looking at ng 4 hrs chart , one can easily notice that ,'' after making downward breakout from coil, price made it's downward journey till 36 days old trend line ( black ) which is working as support line.
After kissing support line price lifted upward but failed in sustaining the move and came down. But again it had to give respect to support line and lifted upward in no time.
At the moment price is quoting 3.800 on nymex & Rs 266 MCX India. One can enter in buy position keeping stop loss below black trend line.
Jay Shriram.
Inventory update 09.41 pm IST
Update 2 , 27/12/2018, 03.35 IST
I am holding the long trade. My sl did not triggered because I trade on MCX India & our market is closed when price came below black support line. I select the option to keep the trade alive. Now CMP is 3.445 & Rs 243.
