MCX Base Metals Trading Tips

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Crude oil, Nickel, Aluminium & Mentha oil Tips & Updates

September 27, 2021, 12:28 pmJuly 1, 2023 4 22755

MCX nickel’s Elliott wave projection (Target 1570)

Nickel has started moving forward since March 2021. It will complete the 5th wave soon.

According to Elliott wave projection, MCX nickel can touch 1570 to end the 5th wave.

Intraday & short-term traders can buy nickel for the target of 1485.6 – 1506 – 1532 – 1550 – 1570.

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Aluminium Should Run Up To 240+ In Next 30 Days

Key levels: 229 – 226.8

Aluminium has made an all-time new high of 236.3 and declined. It can dig more upside from here. Before that, we may see retesting of 229 – 226.8 levels.

Afterward, it can move for the target of 233.6 – 236 – 238+.

Latest Update: Crude Oil Call

Crude oil has completed all targets in the previous week’s trading sessions.

Latest Update: Will Mentha Oil Touch 960 Level Again?

Mentha oil has touched the second target.

The long-term outlook of MCX Copper

June 14, 2021, 8:59 amJuly 1, 2023 1 18156

Look at the above weekly chart of MCX Copper. It has created an ascending channel pattern without breakout. This channel started in the previous year’s April month. At present, it’s falling after making a tail. But how much it can go down? Copper may fall more from here, and that can be up to 728 – 710.6 levels.

But overall, it’s on an uptrend. So, soon it will start marching for the following levels:
760 – 780 – 800 – 820 – 840+

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EWT Says: MCX Aluminium Will Come at 162 Level

April 7, 2021, 7:11 pmJuly 1, 2023 2 19052

According to EWT, the 5th wave has been almost completed. The ABC correction will start soon. As mentioned in the chart, MCX aluminium will start collapsing for the target price of 176 – 172 – 168 – 162 soon.

At present, if we see for intraday traders, then it’s upward. Aluminium will touch 184 – 186 levels, and then ABC correction will start.

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Crude oil, Brent oil, & Aluminium Chartolgy & Next Big Move

March 21, 2021, 6:16 pmJuly 1, 2023 5 20333

Aluminium Is Close To Something Big

According to this chart, MCX Aluminium can fly from here if it does not close below 176.4 levels.

Targets: 178.6 – 179.6
Short-term targets: 180 – 181.6+

But, if it closes below 176.4 levels, then this call will deactivate. And it will start collapsing for the levels of 174 – 172 from there.

Crude Oil Is Going to Blast – A New Update & Tips

How many of you sold crude oil on the previous Thursday?
Article: MCX Crude Oil & NYMEX Brent Oil In-depth Analysis & Tips

In the previous article on crude oil & brent oil, I said in bold words, “…so, intraday traders can set the following targets to make some money: 4560 – 4500 – 4460 – 4400 | …and, if brent oil breaks the hurdle ($66.60) and shows a closing price below it, we will see a heavy downfall. Targets: $64.6 – $62.8 and below”.

The crude oil has reached all targets! Enjoy!

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Here’s Why MCX Copper Yesterday Moved Down

February 23, 2021, 11:39 amJuly 1, 2023 0 18603

LONG-TERM INVESTORS:
Copper has broken March 2020 resistance trend line, and true resistance breakout is a clear signal to buy. Target prices for long-term traders: 760 – 800+

INTRADAY TRADERS:
But at present, MCX copper can pull back to the previous resistance line to continue an uptrend. So, intraday traders can sell for the following targets: 690 – 680 – 676

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MCX Nickel – Parabolic Curve Pattern & Tips

February 2, 2021, 6:46 pmJuly 1, 2023 0 22094

This is MCX Nickel weekly chart. Price projection is based on Parabolic Curve & Fib Retracement.

As mentioned in the chart, At the end-point of Base 3, indicated by the “X” symbol, the nickel could double in the shortest period of time. Targets: 1426 – 1632 – 1778 – 1854 – 1962 (2.618 – Based on Fib Retracement).

If nickel breaks the curve line, it can collapse up to “X” or base 3 deep. Hence, we can see the following targets from the selling point: 1130 – 1050 – 960 – 850 and below.

Remember, trade with the direction of the breakout. And stop-loss above/below breakout level.

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NEWLY PUBLISHED COMMENTS: READ WHAT THEY’RE TALKING ABOUT...

Ajay Gupta said on Apr 24 2024
Good setups:)
Rajat Seth said on Apr 23 2024
Wow! your analysis is working very well. I must say your wave technique is working in every worst market conditions.
Mustafa654 said on Apr 23 2024
What do you think about Nifty Next 50? Can you share your views on it?
Manisha sindhwani said on Apr 23 2024
It worked well!
sharad patel said on Apr 23 2024
Pls sir nifty and banknifty share
Ajeeth Kumar said on Apr 23 2024
We need more setups like this.
Raviraj747474 said on Apr 23 2024
Tnx for sharing