Projected Trading locations – January 1st 2018 to 5th Jan 2018

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.

 

GOLD :

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

 

SILVER :

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.

 

NICKEL : 

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.

 

LEAD :

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.

 

ZINC :

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 :

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.

 

Projected Trading locations – December 25th to 29th 2017

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

GOLD :

Last week we have seen a healthy pullback towards upside.

we were expecting to get sell signal in between 1260 to 1290 area.

Price seems to be bullish. Its the time to wait and watch how price folds here.

we will change our view bullish only if price closes above 1290 area.

Stay Updated for further updates.

SILVER : 

As we can see in the above price chart Silver has broken down the support area.

We were expecting to retest the price as shown above.

Price is arriving at retest area where we have to see clear selling signals.

yet we did not got any selling signal.

We have to closely observe selling signals in between 16.6350 to 17.3687 area.

Stay connected for next updates in Silver.

CRUDE OIL :

One can clearly see that price is in aggressive uptrend in CRUDE OIL.

We will see a pullback till 55 $ area to join this uptrend.

NICKEL :

Price closed above the recent support areas.

We can target both ways to trade in NICKEL.

Either we should get clear selling Signals at the arrived area of 12080 or else we have to find buying signals at around 11300 area.

We will stay away till we a clear reason to trade in NICKEL.

COPPER :

As seen in the price chart above Copper seems to be aggressive bullish.

We will observe a small pullback till 3.1674 area to find a buy signal to join the uptrend.

LEAD :

Price seems to be sideway creating a series of equal high and equal low areas as seen in the above Lead price chart.

Currently price is undefined and lies in between the sideway zone.

Better to keep patience and observe the potential trading location of 2400 to find bullish signals.

Or else we will keep an eye at 2565 area to find clear selling signals or false resistance break.

NIFTY :

Nifty exploded bullish after Gujarat elections exactly from the multiple event areas.

Price tested this Key location of 10100 for three times as we can see it clearly in above price chart.

We can observe any rotations downside till 10100 to get in line with the uptrend.

Our view will remain bullish in NIFTY as long as price remains above 10100.

ASHOK LEYLAND :

As we can see above price chart of Ashok Leyland , that price is above the key location.

We can observe any rotation below till 109 area to participate in this bullish key level explosion.

We can expect the target of 130 in coming days.

TCS :

TCS is moving in a bullish ascending channel as we can see in the price chart above.

2530 is a significant key reversal area as shown above.

Also 2530 is a channel support location.

We can see that price exactly reversed from key location.

Any downside rotations would be a buying opportunity till 2500 area.

We will remain bullish till price is above 2500 area.

Stay connected for further updates.

YES BANK :

We can clearly see that price is in sideway or rangebond market making the series of equal highs and equal lows.

We will observe the breakout of this sideway range.

Once the breakout happens we will see the retest to enter the high probability situation.

Stay connected for further updates.

Weekly Trade Setups – 11th December to 15th December 2017

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

NICKEL : 

 

As seen in the Price Chart NICKEL has broken down the recent support levels.

Charts seems to in short term downtrend till 660

This week any pullback towards upside will be a significant situation for us to find selling signals at 740 area to get the target of 660 .

Stay tuned for further updates on NICKEL

 

CRUDE OIL :

CRUDE OIL is seen in aggressive uptrend as seen in the above price chart.

Traders can find buying opportunity to join the uptrend.

As seen in the price chart 55 $ area is the recent support to get long opportunity to get good reward ahead.

Or else aggressive traders  should find buying signals on 1 H , 4 H or Daily time frames to get join bullish trend above.

Conservative traders should wait for any pullback downside till 55 $ area which is a significant support to get long on price action buying signals.

 

SILVER :

 

Last week we have seen a big sell off in Silver.

Price broke the significant level of 16.342 area

Any break towards this area may bias the trend downside.

We can observe selling signals at a pullback near 16.342 area to participate this short term downtrend for the target of 15.184 area

Stay connected for further updates.

 

GOLD :

 

As we have seen last week GOLD has broken down the Key location of 1260

We can expect price may push down from this area of 1260

This week we have to observe a slight upward pullback till 1260 to get selling signals

If we get bearish rejection at 1260 area to get short in GOLD then we can expect 1205 downside target in coming days.

Stay tuned to the members area what develops in another few days.

 

ALUMINIUM :  

 

 

It is clearly seen that Short term key location breakdown in Aluminium.

This week we can observe a pullback till 134 area to find selling signals.

If we get selling signal at 134 area , then we can target 126 target area in coming days.

 

ZINC : 

Short term downfall is clearly seen in the Price chart of ZINC

Key location arrival is at 192 area

We will closely observe buying signals at 192 area to participate in a bullish explosion.

We will update further updates on ZINC

 

RELIANCE  INDUSTRIES : 

Reliance Industries is currently undergoing the correction as seen in the above price chart.

We can expect this correction till 871 area.

We will be highly interested to find buying signals at 871 area to get involved with this uptrend.

If we get buying signals at 871 as expected then we can expect the target of 950 in coming weeks.

Stay connected for further updates.

Weekly Trade Setups – 1st December to 8th December 2017

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

ZINC :

As seen in the above Price chart of ZINC , it is moving in a short term bullish ascending channel.

Price has arrived at channel support .

There are two possibilities , either channel break or to get bullish rejection at channel support .

From two days price is closing in the channel which indicates a buying pressure at channel support.

Ideally it can be bought at 205 with a stop loss of 203 . We can expect 1:2 risk reward for this trade.

LEAD :

Potential Key location to trade in LEAD is at 155 area as seen in the above price chart.

We got bullish rejection at key location by getting bullish engulfying signal at our projected key location of 155.

We can trade this price signal towards upward direction at 157 assuming 155 as a stop loss.

we can expect 1:3 risk reward for this trade.

Nickel :

 

As seen in the above chart of Nickel it strong event area is located at 665 which is a strong support.

We should stay away and observe how price folds here.

If price pulls back at 665 we should get price action buy signal to take high possibility long entry to get good reward ration.

Stay connected to get further updates on NICKEL

GOLD : 

 

Gold seems to be in consolidation since from last November month.

Many traders are already long in it .

For fresh entry,  Gold can be bought at any price above 1260.

1260 is the most crucial test area to go up. Aggressive traders can buy it above 1260 area or else conservative traders can watch for clear buy signals in 1 H , 4 H or Daily time frame till 1260 area.

We can expect the target of 1340 area for this trade. For MCX Gold the target comes around 1200 point above and the ideal long entry should be around 29000 . Target would be 30200 and the appropriate stop loss should be flexible at 28700.

Always remember 1:2 risk reward is always better as u studied in the training course.

SILVER :

 

Silver has arrived at short term event area as it is clearly seen in the price chart above.

we have to watch buying signals on 1 H, 4 H or daily time frame at this arrived location 38450 .

Also u can clearly see that price has closed above the short term key location 16.200 area

If u get buying signal here on 1 H , 4 H or Daily time frame then from here we can expect price to explode till 17.480 area i.e for mcx it would be long entry at around 38450 and the target area would be 40500 ahead.

For this to happen strictly we have to see clear buying signals at the arrived area. Of price closes below this 16.200 area than we have to focus on 15.600 area to concentrate on long entries.

CRUDE OIL :

CRUDE OIL is seen in aggressive uptrend as seen in the above price chart.

Traders can find buying opportunity to join the uptrend.

As seen in the price chart 55 $ area is the recent support to get long opportunity to get good reward ahead.

Or else aggressive traders  should find buying signals on 1 H , 4 H or Daily time frames to get join bullish trend above.

Conservative traders should wait for any pullback downside till 55 $ area which is a significant support to get long on price action buying signals.

NIFTY FUTURE :

Nifty is arrived at significant area of 10100 which is the key location to find high possibility trade setup.

At this arrived location if we get clear buying signal then only we will trade on longside.

If price closes below 10100 then our view will get changed.

Stay away and observe this area very cautiously how price folds here.

we are interested to get appropriate signal at this arrived location.

Stay tuned to members area . We will update as potential signal arrives.

NICKEL :

As seen in the price chart NICKEL has broken down the recent support area.

Here we have to observe selling signal carefully at flip resistance .

Selling signals can be found at 735 area for the target of 660 in coming days.