Ni225: technical analysis

Ni225, H4

On the 4-hour chart, a sideways trend is observed, the instrument moves within the channel formed by the boundaries of Bollinger bands, the price range is narrowed. The MACD histogram is in the positive zone, while maintaining a moderate signal to open long positions. Stochastic is in the neutral zone, the oscillator lines reversed upwards from the border with the oversold zone.

Ni225, D1

A sideways trend has also been formed on the daily chart, the instrument was corrected to the middle border of Bollinger bands, the price range has been narrowed. The MACD histogram is in the positive area, smoothly reducing volumes, a signal to open buy orders remains. Stochastic is in the neutral zone, the oscillator lines are pointing upwards and are preparing to cross the border of the overbought zone upwards, a buy signal is being saved.

Key levels

Resistance levels: 23345.95, 23445.95, 23506.59.

Support levels: 23221.80, 23161.25, 23100.70, 23012.89, 22919.00, 22858.48, 22788.76.

Trading tips

Long positions may be opened from the level of 23346.00 with the target at 23445.86 and stop loss 23280.00. Implementation period: 1–3 days.

Short positions may be opened from the level of 23161.25 with the targets at 23012.89, 22919.00. Stop loss is 23208.00. Implementation period: 3–5 days.

Scenario

  • Timeframe

    Intraday

  • Recommendation

    BUY STOP

  • Entry Point

    23346.00

  • Take Profit

    23445.86

  • Stop Loss

    23280.00

  • Key Levels

    22788.76, 22858.48, 22919.00, 23012.89, 23100.70, 23161.25, 23221.80, 23345.95, 23445.95, 23506.59

Alternative scenario

  • Timeframe

    Intraday

  • Recommendation

    SELL STOP

  • Entry Point

    23161.25

  • Take Profit

    23012.89, 22919.00

  • Stop Loss

    23208.00

  • Key Levels

    22788.76, 22858.48, 22919.00, 23012.89, 23100.70, 23161.25, 23221.80, 23345.95, 23445.95, 23506.59

Tifia trading account

Open

NI225 forecast for today.