Natural Gas MCX Future - Intraday Technical Analysis 29th Sept.

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Natural Gas MCX Future - Intraday Technical Analysis 29th Sept.Natural Gas FuturesMCX:NATURALGAS1!ChartPathikNATURALGAS1! Natural Gas is currently trading at 282.7 after a period of high volatility and failed recovery attempts, moving around key inflection levels. Bullish (Long) Setup Long Entry (284.7): Initiate longs above 284.7, as this breaks out from recent supply and confirms buyers regaining control over the session. Add positions near 283.5 if dips are absorbed and price action forms higher lows above this level. Upside Targets: 289.8 (Target 1): First major resistance and prior swing high, logical profit-taking zone. 294.0 (Target 2): Extension area, marking upper band of the visible range. Stop Loss: Place just below 283.1 (neutral zone) to reduce risk; breakdown here signals failed bullish momentum for this cycle. Bearish (Short) Setup Short Entry (282.2): Enter shorts below 282.2. This confirms breakdown of support, indicating sellers regaining control and potential for rapid downside. Downside Targets: 276.4 (Target 1): Historical bounce/readjustment level, typical for covering and first target booking. 272.2 (Target 2): Deeper extension, marking further weakness if sell pressure persists. Stop Loss: Above 283.5 to guard against sharp reversal. Neutral/Range Logic Neutral Zone (283.1): Ranging bias between 283.1–283.5; best to wait for a decisive move outside these levels for clear trend alignment. Sustained action above 284.7 signals buyers in control, below 282.2 puts sellers in charge. This logical structure enables disciplined intraday setups with clearly defined risk-reward for Natural Gas MCX. Follow Chart Pathik for more insight on Natural Gas on Daily basis.