Published on 21/01/2021 5:21:20 PM | Source: Axis Securities Ltd
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GOLD
MCX Gold price has given a bullish l breakout from consolidation range, cosa Price is expected to trade positively. Sustaining above 49750 would push coon the price higher towards 50000,50100 consod levels in intraday. The tum indicator RSI is trading at 63 it shows bullishness in the prices.
BUY GOLD ABOVE 49750 SL BELOW 49550 TGT 50000/50100
NICKEL
MCX Nickel price has given a bullish breakout from ascending triangle ds Wisc | pattern, price is expected to trade L 1320 positively. Sustaining above 1340 rere would push the price higher towards 1355/1360 levels in intraday. As the L 1280 price has started trading above - 1270 9,21&60 EMA which is a bullish sign P Tee for the prices.
BUY NICKEL ABOVE 1340 SL BELOW 1330 TGT 1355/1360
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