Nickel Futures Analysis using Head and Shoulders pattern
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
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
Profit per lot: Rs. 60000
Time: 9 days
Can book partial profit