Nickel Futures Analysis using Head and Shoulders pattern

Updated
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
Trade active
Comment
Target 1 (Rs. 1057) reached
Profit per lot: Rs. 60000
Time: 9 days
Can book partial profit
Chart PatternsHead and ShouldersSupport and Resistance

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