Commodity/Equity/Currency/Index Research & Analysis -- feel free to add your comments. mail: ckacraj@yahoo.com
Showing posts with label ng positional view. Show all posts
Showing posts with label ng positional view. Show all posts
Friday, 19 February 2016
Thursday, 20 November 2014
MCX Natural Gas NG Positional View 20-Nov-2014
Based on My Analysis,
If NG supported by 243.60, I expect big up move and targets are: 279.1, 293, 301-306, 316-321, 329, 341-344.
Based on my Daily chart and retracement view, If NG supported by 217.60, I expect 260.6(done), 287, 309, 331, 348, 362, 402.4 (100%).
Based on H4 chart, If NG supported by 256.90, I expect 279.10 again, and other targets: 280, 282, 286, 289, 291, 295.
Based on my 1H chart, If NG resisted by 280/278.1 I expect down side correction. Downside targets: 271, 268.5, 267.7, 265.6, 263.6, 261.8, 256.90(100%).
Any move below 256, I am bearish and I will be reanalysing my chart.
As of now my stragey is BUY ON DIPS for big target.
Before I post my charts, NG done it's downside target upto 271.
Buy NG at these levels (271/270, 268.5, 265, 263, 261) with strict stop loss 255. Best entry would be between 266-261.
If NG supported by 243.60, I expect big up move and targets are: 279.1, 293, 301-306, 316-321, 329, 341-344.
Based on my Daily chart and retracement view, If NG supported by 217.60, I expect 260.6(done), 287, 309, 331, 348, 362, 402.4 (100%).
Based on H4 chart, If NG supported by 256.90, I expect 279.10 again, and other targets: 280, 282, 286, 289, 291, 295.
Based on my 1H chart, If NG resisted by 280/278.1 I expect down side correction. Downside targets: 271, 268.5, 267.7, 265.6, 263.6, 261.8, 256.90(100%).
Any move below 256, I am bearish and I will be reanalysing my chart.
As of now my stragey is BUY ON DIPS for big target.
Before I post my charts, NG done it's downside target upto 271.
Buy NG at these levels (271/270, 268.5, 265, 263, 261) with strict stop loss 255. Best entry would be between 266-261.
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