2020's Uptrend Channel Is Everything For MCX Nickel
Updated
MCX Nickel is following the above uptrend channel from 23 Jan 2020. And making a good trade opportunity for commodity traders. Nickel's upward trend is not over yet. But we may see a downfall below the control price, and it can be up to 1686 - 1620.
But what happens if it breaks the control price?
It's a 100% sign for a buy signal. But intraday or short-term investors should confirm that breakout before proceeding. And they must look out for candle's fakeout. Afterward, be ready for the targets of 1800 - 1840 - 1876+.
But what happens if it breaks the control price?
It's a 100% sign for a buy signal. But intraday or short-term investors should confirm that breakout before proceeding. And they must look out for candle's fakeout. Afterward, be ready for the targets of 1800 - 1840 - 1876+.
Note
TP - 1 1800 DoneTP - 2 1840 Done
Note
TP - 3 1876 doneTrade closed: target reached
All Target done.
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