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
Analysis is based on Ascending Triangle .
Going Long on Aluminium if the price closes above the Upper line of triangle(138.5).
Used Fibonnacci Retracement to find levels of resistance, where I have placed targets.
Target 1- 141.55
Target 2- 145.50
