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..
MCX Nickel (Mar) will move upside till 1391/1400 above 1383.60 with SL 1377 MCX:NICKEL1!
MCX Nickel(31Mar 21) May move upside till 1437/1442, with Immediate support 1424 but safe Sl will be below 1421. MCX:NICKEL1!
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...
CHECKOUT WITH US FOR PROFITABLE TRADE IN NICKEL..
Here, I have used Elliott wave theory, Fibonacci Retracement, and MA ( 30 & 62 ) to identify the next move. At present, MCX nickel in a corrective wave. We may see a reversion bounce off here. It can be up to 38.20% to 23.60% of the retracement level. Wherein, 38.20% retracement level will act as a resistance and 50.00% vice versa. In other words,...
I will update more information about Nickel soon.
The positive trend will start after a breakout of hurdle. Targets: 951 - 936 - 925