Nickel : Technical View : 20.11.2019
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On the daily chart, the price drifted by 0.65%
in the last session.
Moreover, the price has been trading below the lower line of the Falling Channel, which adds pressure in the counter.
Additionally, the price is trading below the 21*50 SMA’s, which confirms the downtrend.
Also, Momentum indicator RSI(14) has shown a negative crossover, which indicates bearishness.
As per the above technical structure; we expect bearish move in the counter.
Moreover, the price has been trading below the lower line of the Falling Channel, which adds pressure in the counter.
Additionally, the price is trading below the 21*50 SMA’s, which confirms the downtrend.
Also, Momentum indicator RSI(14) has shown a negative crossover, which indicates bearishness.
As per the above technical structure; we expect bearish move in the counter.