Natural gas channel formation

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Description on the chart itself.

Happy trading

Regards
Raj

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ملاحظة

Hope one have taken the position at the time of post.

Downtrend have been limited @ 50% at 2.877 before reaching 61.8% area. However the current up move should take the NG1! towards 3.24. One can look for the target of 3.1 with the trailing stop of 2.877 which was our cost price.

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ملاحظة

price movement started from 2.877 (mcx 192) and reached the high of 2.987 (mcx 199) and started retracting towards 61.8% which will complete 2.917 (@MCX194.8). In case price hold at this level stay long or if you see price goes below the level exit the position with 2-2.5 rs profit.

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تم فتح الصفقة

Book partial profit & Rest hold for the target 3.1 with the trailing stop loss of near 2.95.

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تم إغلاق الصفقة يدويًا

Hi friends, Since I'm travelling i could not monitor so manually closing my call here.

Happy dasara

Regards
Raj