Nickel Futures Analysis using Head and Shoulders pattern
Analysis is based on head and shoulders pattern
Short on Nickel Futures (chart is at the peak of second shoulder)
This is a long term position (approx 6-8 months). Intermediate shorts can be taken with the help of support and resistance levels.
Target 1: 1057
Target 2: 972
Target 3: 910
Initial Stop Loss: 1160
Short on Nickel Futures (chart is at the peak of second shoulder)
This is a long term position (approx 6-8 months). Intermediate shorts can be taken with the help of support and resistance levels.
Target 1: 1057
Target 2: 972
Target 3: 910
Initial Stop Loss: 1160
Trade active
Note
Target 1 (Rs. 1057) reachedProfit per lot: Rs. 60000
Time: 9 days
Can book partial profit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.