Hey Guys Cheers to a New Year 2018
PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone
SUN PHARMA :
We can clearly see Price has broken the wedge structure in SUN PHARMA as we can see in above price chart.
According to wedge trading concept we have to see a downside pullback till 540 area.
We have to see price action buy signals till 540 area to get in line with this uptrend.
Or else we can see buying signals in 1 Hour , 4 Hour or Daily time frame at around 555 area which may become a flip support.
Finally our view will be bullish in SUN PHARMA till the price is above 500 area.
YES BANK :
We can see a clear Side way structure in YES Bank making a series of equal high and Equal low as seen in the price chart.
This might be a potential situation once the breakout happens.
As the price seems to be at equal high area it may break this area. Breakout price at this area is at around 320 .
Here early entry also can be taken as soon as the breakout happens towards upside at 320.
Here we have to keep in mind if we enter long early at 320 as soon as the breakout happens, then our stop loss should be that days low.
or else we can trade this set up as per the retest method. we have to wait for the breakout and price should close above 322 area. Then after we have to see the retest at the same location of 320 area which will become flip support.
Recently we have seen that GOLD has done a big bullish rally and arrived at a key resistance area of 1310
We will wait till 1310 area as it is a key resistance area as seen in the price chart above.
We will turn our thought bullish if price closes above 1310 area .
We will closely observe 1310 area to take a trading decision in GOLD
It seems to be a wedge structure in Silver as seen in the above price chart.
Silver bounced exactly from the support area as we can see in the above price chart.
We have to wait till 17.4000 area and closely observe for a wedge bullish breakout or else we will see a clear selling signal at this location.
Stay updated for further updates.
Recently we observed a big bullish explosion in NICKEL as seen in the above price chart.
NICKEL has arrived at key resistance area as we can see in above price chart.
We have both the views for NICKEL.
Either we will observe clear buying signals at around 12000 area or else we will observe clear selling signals at around 13000 area.
Stay updated for further updates.
As we discussed in previous post , LEAD seems to be in a side way trend making a series of equal high and equal low.
We will focus on equal low and equal high area to find a potential trade in Zinc.
Any rotation downside till 2400 area would be a potential buying opportunity provided we should get a price action buy signal.
Stay updated what develops next in Lead.
Recently ZINC has done a stronger upside move as seen in the price chart above.
We have to see a small pullback till 3248 area.
We will observe buy signals at 3248 area.
Or we can observe any buying signals at 1 Hour , 4 Hour or daily time frames even after a small pullback.
Copper has done a big bullish move as seen in the price chart above.
We will closely observe any pullback till 3.16624 area towards downside to participate in the uptrend.
or else we can see any downside corrections in 1 Hour ,4 Hour or daily time frame to rejoin the uptrend.
NATURAL GAS :
As seen in the above daily price chart we get a clear look that Natural Gas was in a side way trend making the series of equal high and equal area.
Recently support was broken down and price closed down.
But again price became bullish aggressive and closed above the support as shown above.
We will watch price action buy signal at 2.723 area.
If we get buying signals around 2.723 area then we can expect the target till 3.100 area
Stay connected for further updates in Natural Gas
CRUDE OIL :
CRUDE OIL is seen in aggressive buying trend as seen in above price chart.
Above 55 $ area our view are bullish in crude oil.
We can see buying signals in 1 Hour , 4 Hour or in daily time frame to participate in the aggressive bullish trend.
Ideal support areas to see buying signal may be around 54.50 to 55 $ area.