Advertisement

MCX NATURAL GAS Trading Tips - NG closed below major trend line support, Further selling expecting as per technical analysis point of view. (Updated On 18th July 2014, Friday).





  • As per previous report published on MCX Natural Gas gave a strong selling once it broke its major support of 253 & 245. (Click here to read previous report on MCX Natural Gas).
  • Now technical charts indicates NG has closed below its major trend line support, as long as NG trades below will favor bears, its previous support will now act as a major resistance for NG.
  • Daily chart also indicates NG will now find major support around 233 , 222 & 211 (fibonacci retracement and trend line support).
  • Weekly chart indicates NG is now trading below its major support line indicating further weakness. Close Watch.



Posted by
Labels: , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Advertisement

What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.