Resistance Breakout Excepted in NATURAL GAS

8月14日

Natural Gas has been consolidating just below a key resistance level around ₹247–₹248, with multiple rejection points in recent sessions (marked by red arrows). The current price action shows renewed buying pressure, with candles testing the resistance zone once again.

Technical View:

The horizontal resistance has acted as a strong supply zone multiple times.

A decisive breakout and close above ₹248 could open the path for further upside momentum.

Immediate support is placed near ₹244.20, which serves as a stop-loss reference for breakout traders.

Trading Perspective:
If price sustains above the resistance level with volume confirmation, the breakout could trigger a short-term bullish move toward higher targets. However, failure to hold above this zone may lead to another pullback within the range.

8月18日

トレード稼働中

Target done