Natural gas channel formation

Description on the chart itself.

Happy trading

Regards
Raj

评论:

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.

评论:

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.

交易开始:

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

交易手动结束:

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

Happy dasara

Regards
Raj