The price of Nickel appears to be forming an ascending triangle price pattern on its intraday charts. The price of Nickel could advance towards the Rs 1035/ Rs1045 levels once it breaks out of the upside resistance of the ascending triangle pattern placed at the Rs 1026 levels. The key momentum indicators are also in buy mode. We recommend traders to buy on a break above Rs1026 levels with a stop loss placed below Rs1018.40 levels for the above mentioned targets.
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