Navigation

MCX nickel has given a triangular pattern breakout on the upside on the half-hour chart

MCX Nickel has formed a triangular pattern
As one can see from the adjacent chart, MCX nickel has given a triangular pattern breakout on the upside on the half-hour chart. After a steep fall from Rs.1,060 to Rs.960 it has consolidated and now it has given an upside breakout. Moving Average Convergence Divergence valued +0.15, Relative Strength Index valued 60 and Momentum valued +7.90. On any dips till Rs.983-Rs.977, one can buy for upside target of Rs1,000-1,010. The trade below 968 will negate a bullish view.
Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: