Natural Gas has been consolidating just below a key resistance level around ₹247–₹248, with multiple rejection points in recent sessions (marked by red arrows). The current price action shows renewed buying pressure, with candles testing the resistance zone once again.
Technical View:
The horizontal resistance has acted as a strong supply zone multiple times.
A decisive breakout and close above ₹248 could open the path for further upside momentum.
Immediate support is placed near ₹244.20, which serves as a stop-loss reference for breakout traders.
Trading Perspective:
If price sustains above the resistance level with volume confirmation, the breakout could trigger a short-term bullish move toward higher targets. However, failure to hold above this zone may lead to another pullback within the range.
Technical View:
The horizontal resistance has acted as a strong supply zone multiple times.
A decisive breakout and close above ₹248 could open the path for further upside momentum.
Immediate support is placed near ₹244.20, which serves as a stop-loss reference for breakout traders.
Trading Perspective:
If price sustains above the resistance level with volume confirmation, the breakout could trigger a short-term bullish move toward higher targets. However, failure to hold above this zone may lead to another pullback within the range.
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⭐ Algo Trading
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Get BTST Toolkit:
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.