Natural Gas MCX Weekly Analysis 4-8 March, 2024

📊 NATURAL GAS 26 MAR Weekly LEVELS Analysis
🎯 Weekly Range: 16.6

➡️ Buy: 153.46, Avg Pos: 151.5
🎯 Buy T1: 163.36, Buy T2: 169.7
❌ Buyer SL: 147.93

💰 Sell: 149.54
🎯 Sell T1: 142.84, Sell T2: 136.5
❌ Seller SL: 155.07

Analysis:
For the week starting on March 26th, the natural gas market presents a weekly range of 16.6. Here's a breakdown of the suggested levels and targets:

Weekly Range: The expected range for the week is 16.6, indicating potential market movement within this range.

Buy Strategy: Consider initiating a long position at 153.46, aiming for an average position around 151.5. This entry point offers a favorable risk-reward ratio.

Buy Targets: Target a price of 163.36 for the first exit (Buy T1), followed by a higher target of 169.7 for the second exit (Buy T2). These targets reflect potential upward momentum in the market.

Buyer Stop Loss: To mitigate downside risk, set a stop-loss order at 147.93. This level acts as a safeguard against adverse price movements.

Sell Strategy: If considering short positions, look to sell at 149.54, capitalizing on potential market reversals or profit-taking opportunities.

Sell Targets: Target a price of 142.84 for the first exit (Sell T1), followed by a lower target of 136.5 for the second exit (Sell T2). These targets indicate potential support levels or areas of price consolidation.

Seller Stop Loss: Implement a stop-loss order at 155.07 to manage risks associated with short positions.

Keep in mind that market conditions may change rapidly, so stay vigilant and adapt your strategy accordingly.

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