Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Nickel Long Term Cycle Analysis

36 sec read

Nickel Monthly Timeframe
Nickel

Is the long term trend in Nickel Started? To answer this question we can start with monthly nickel charts with predict cycle indicator. You can notice from the MCX nickel monthly charts that Predict cycle had turned positive – we are possibly in the long term uptrend. After 8 months of consolidation on the larger timeframe Nickel is currently trading above 8 month high.

Nickel Weekly Timeframe
Weekly Nickel Charts

On the weekly timeframe Predict Cycle is up for the last 4 weeks (Intermediate trend is up for last 1 month) and also trading above the previous consolidation zone. For the longer term and medium term trend to be intact Nickel maintaining above 630 zone is critical for the cycle to put the price in the next orbital zone 806 and 895.

Nickel Daily Timeframe
Nickel Daily

On the Daily timeframe Predict cycle is up for the last 1 month. Potential we could enter into a period of consolidation for few days or even minor corrections before further trend reversal to happen on the upper side.

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Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

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