MTECHTIPS MCX NATURALGAS INTRADAY trading tips 24-11-2016
MTECHTIPS MCX Naturalgas is in perfect uptrend .Currently Naturalgas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 198-194-192-191-190-188-. Immediate resistance for Naturalgas is 212
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD LONG position In short term Naturalgas is in strong up trend so hold with stop at 198 The Naturalgas is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- is in intraday buy level better buy above 213.6 or in low buy above 206.7 Target is 216.6 next 221.7 Below 203.6 trend reversal can occur so keep long stop at 203.6.