#Nickel trend projection whether ascending higher high and higher lows formed while travelling in a channel panda which support is 1326..27 on the way down and here we should buy there on 1328 with sl 1325 tgt 1355... 1380..
It just found out as nickel trend projection wheher like it is ascending higher high lows while travelling in a channel panda which support is 1326..27 on the way down and here we should buy there on 1328 with sl 1325 tgt 1355... 1380..
NICKEL ( 26 FEB) is moving in bullish trend from last few days. In an hourly chart RSI(14) is moving above the 60 which suggests a bullish strength we can initiate long position near 1349-1345 and it make take support of the 1341, upside it may bounce back till 1369. MCX:NICKEL1!
Disclaimer: it's my view just for study purpose.
This is MCX Nickel weekly chart. Price projection is based on Parabolic Curve & Fib Retracement.
As mentioned in the chart, At the end-point of Base 3, indicated by the "X" symbol, the nickel could double in the shortest period of time. Targets: 1426 - 1632 - 1778 - 1854 - 1962 ( 2.618 - Based on Fib Retracement ).
If nickel breaks the curve line, it can...