Weekly Trade Setups – 30th January to 2nd February 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

BHARTI AIRTEL :

 

In above price chart of BHARTI AIRTEL it seems to be a short term down trend.

Key reversal area it seems to be around 435 area.

We can watch buying signals at around 435 area. Also short term key resistance seems to be around 482 area.

We are interested to observe buying signals on one hour , four hour or daily time frames at around 435 area.

We will consider both the views here. i.e buying views are at around 435 area and also we are expecting to get selling signals at key resistance of around 482 area.

We can trade here only after getting buying signals at around 435 area to go long or else after getting selling signals at around 482 area to go short.

 

HPCL :

 

In our Previous post we were interested to see how price behaves at key reversal location of around 398 area.

Last week we observed a key location breakdown.

Key level of 398 is broken down and closed strongly down.

We are now interested to watch selling signals after a upside pullback near 398 area.

We stay bearish for HPCL till price is below 400 area.

Stay connected for further updates on HPCL.

 

YES BANK : 

We achieved our target for YES BANK as we posted in our previous post. CLICK HERE.

We still expect more upside movement for YES BANK.

We are expecting a small downside pullback till 344 area to rejoin the uptrend.

Buying signals can be observed on one hour , four hour or daily time frame at around 344 area to get long.

Stay connected for further  updates for YES BANK.

 

JUBILANT FOODWORKS LTD : 

As seen in the price chart of JUBILANT FOODWORKS it seems to be an aggressive uptrend.

We can see that inside bar is formed at the top.

But we are more interested to trade in line of trend.

Buying signals can be observed at around 1967 area on one hour , four hour or daily time frame.

Stay connected for further updates on JUBILANT FOODWORKS LTD.

 

UPL : 

We are expecting more bullish momentum for UPL.

In our previous post we got the bullish momentum as expected.

Support levels are seen close to around 750 area as seen in the above price chart of UPL.

Buying signals can be seen at the recent support area around 750 area on one hour , four hour or daily time frames.

Stay connected for further updates for UPL.

 

CRUDE OIL : 

CRUDE OIL seems to be aggressive bullish as seen in the price chart.

We are waiting for the downward pullback till 62 $ area to join the uptrend.

Buying signals can be observed around 62 $ area on 1 H , 4 H or daily time frame to get in line with the uptrend.

Stay connected for further updates of CRUDE OIL.

 

NICKEL : 

We are eager to get a downside pullback till 12900 area to get board in a bullish trend.

As seen in the price chart of NICKEL it seems to be aggressive bullish.

Buying signals can be observed at around 12900 area on 1 H , 4 H or daily time frame to participate in the bull trend.

Stay connected for further updates of NICKEL.

 

ZINC : 

As seen in the price chart of ZINC it seems to be strong bullish.

Any downward pullback might be a buying opportunity.

We are interested to see price action buy signals in between the support zone of around 3440 to 3355 area.

Stay connected for further updates of ZINC.

 

LEAD :

We can see clearly,  that we got a bearish rejection at key resistance area as seen in the above price chart of LEAD.

We generally don’t trade counter trend.

As we can see LEAD is following the bull trend.

But short positions can be created in LEAD following the tight stop loss of 2654.

Early exit would be preferred  or else trailing stop loss should be used.

Also we can find buying signals at recent support area of 2430 area to get in line with the uptrend.

 

GBPINR : 

 

GBPINR seems to be in an aggressive bull trend as seen in the price chart.

It seems price may push higher in coming days as per price action.

Fresh buying opportunity can be found at around  87.40 area which may be a flip support.

Any price action buy signal created at around 87.40 area would be a buying opportunity to ride the uptrend.

 

EURINR :

EURINR seems to be strong as seen in the price chart above.

Any weakness down near 77.88 area would be an interesting entry area only on price action buy signals if found.

This week we will find the weakness till 77.80 area to participate in the bullish move ahead after getting buy signals.

Trade Set up for SILVER on 24th January 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

 

SILVER :

In our last post we traded the pin created in silver . CLICK HERE.

We already achieved our target as twice reward.

Yesterday we got a bullish pin bar in the price chart of silver after testing the recent support.

This might push silver bullish in coming days.

This situation can be traded as per bullish pin bar trading method.

long position can be created anywhere on one hour and four hour time frame till the price lies above the low of pin bar i.e 16.730

Appropriate Stop loss for this trade would be 16.730

Strictly risk management should be followed while trading to stay away from emotions,

Trade Set up for COPPER on 19th January 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

 

COPPER : 

We already discussed about copper in our previous post. CLICK HERE.

Inside bar is formed at flip support area as seen in the price chart above.

We were in need of clear buying signal at the arrived flip support area for high probability set up.

But the state of consolidation formed at flip support also can be traded.

As per inside bar trading method only if high of day 1  i.e 3.20270 is triggered then only we can go long and stop loss would be day 1’s low i.e 3.16100

Trade Set Up for TATA MOTORS on 18th January 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

 

TATA MOTORS : 

 

Bullish price rejection has been observed clearly with the help of bullish pin bar at multiple event location using price action concept.

This situation might be responsible to push price upwards.

Long position can be created at any level above 410 area on any time frame like one hour or four hour.

Expected target would be around 460 in coming weeks.

Always remember to follow risk reward and risk management.

We stay bullish till price lies above 410 area.

Trade Set ups on 18th January 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

 

RELIANCE INFRASTUCTURE :

Following is the 4 Hour Price Chart of Reliance Infrastucture

Since from last few days we were waiting for healthy pullback in RELIANCE INFRASTUCUTRE.    CLICK HERE.

In our previous post we mentioned that 520 around area will be an interesting area to watch buying signals.

We got a bullish explosion exactly from the projected location of 520 area forming a 4 hour bullish pin bar.

Many traders have entered as a blind buy entry at 521 area as a key reversal area using zero stop loss method.

Also we can see a 50 per cent healthy pullback in the above price chart

Long entry can be done at any level on one hour , four hour time frames till the price lies above 510 area.

Any downward rotation till 510 area would be an buying opportunity.

Expected target might be around 590 area in coming days.

Our thoughts are bullish till the price lies above 510 area.

 

 

YES BANK :

Following is the 4 Hour price chart of YES BANK .

We have already participated in the early breakout in YES BANK and already achieved the target.

Also we were eager to find another high possibility in it. CLICK HERE

Today we have seen price got reversed from flip support area of 327 forming a 4 Hour bullish pin bar.

Here in this case any downward rotation till 320 area would be a buying opportunity.

Long entry can be done at any level on one hour , four hour time frames till the price lies above 320 area.

Our thoughts are bullish till the price lies above 320 area.

We can expect the target of 370 in coming days.

 

BPCL :

 

See our previous post for the trade projection in BHARAT PETROLEUM Ltd Future. Click Here.

It has broken down the recent support as we expected.

Now we have to closely observe a small upside pullback till 500 area .

We have to get bearish signal till 500 area to go short.

Also be careful if price closes above 500 area then we will change our selling views.

Stay connected how price folds next.

Trade Set up for HDIL on 16th January 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

HDIL FUTURE :

 

We already discussed that HDIL is moving in a side way structure. CLICK HERE.

We were interested to observe how price action folds at around 69 area.

Yesterday we  found bearish price rejection at around 69 area and price closed strongly below 69 area forming a bearish pin bar.

We can try this situation towards short side as we can consider it as a false resistance break.

It can be traded as per bearish pin trading method.  We can short it at 64.85 which is a low of pin bar .

Tight  stop Loss should be placed at Pin Bars high i.e 69.50 and early exit would be preferred.

Always remember risk management is the only solution to get good results in stock market.

In this case trailing stop loss would be preferred to book the target i.e previous days high.

Weekly Trade Setups – 15th January to 19th January 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

 

HDFC BANK : 

 

Above price chart of HDFC BANK seems to be in a equidistant channel i.e in a side way making a series of equal high and equal lows.

We will be finding an opportunity to trade either a breakout or equal low area as shown in the price chart above.

We would like to observe how price action develops at 1900 area.

If price breaks 1900 and closes above it , then will find a small downward pullback till 1900 area and see buying signals which will be a flip support area for bullish movement.

Stay connected for further updates on HDFC bank

 

HDIL 

 

If we observe the structure created in HDIL is also a side way structure making the series of equal high and equal low.

We would be so interesting at 69 area to find whether it breaks and closes strongly up or what.

we will wait for the clear breakout at 69 area to go bullish in it.

We can participate in early breakout in HDIL only if it breaks 69 area. If we go long as soon as the breakout happens then we will set our stop loss to the same days low

Stay connected for further updates

 

RELIANCE INFRASRUCTURE :

 

Recently we have seen a good bullish momentum in Reliance Infrastructure as shown above.

Our next plan is to observe a downward pullback ideally till 520 to 515 area .

If we get price action buy signal around 515 area we will go long for it .

We can prefer blind buy entry also if price touches to 515 area. But we will exit on the same day if price goes against our direction and closes down.

and if price touches 515 area and closes above it on same day then we will carry our trade.

Mind well blind entry is too risky to enter the market or else it would be safe to enter after getting a price action buy signal at around 515 area.

Stay connected for further updates on Reliance Infrastructure.

 

NIFTY FUTURE :

 

We have seen in the price chart of NIFTY that it is aggressive bullish.

We should get a healthy pullback towards downside to enter long in it.

Any downward pullback will be an buying opportunity in NIFTY.

We will see a downward pullback till around 10400 area to get price action buy signal. 10400 around area would be a good flip support area to get buy signal.

We will be bullish till price lies above 10100 area.

We will wait and watch how price chart develops next to find a good opportunity to enter the market.

Stay connected for further updates on NIFTY FUTURE.

 

YES BANK :

 

We already traded the sideway structure formed in YES BANK as an early entry at around 320 area. CLICK HERE.

We are again interested to find any downward pullback to enter it long.

Any downward pullback till 320 area will be an opportunity to enter long in YES BANK.

We stay bullish till the price is above 320 area.

We will expect the target area of 377 area in coming weeks.

 

SUN PHARMA :

 

In our previous post we identified the wedge structure in it as seen in the price chart. CLICK HERE

We have seen a bullish move after the wedge breakout.

We will closely observe 555 area to rejoin this uptrend.

We can see price action buy signals on 1 hour , 4 hour or daily time frame at 555 area to re connect with this bullish momentum in SUN PHARMA.

We will stay bullish till the price is above 555 area.

 

BHARAT PETROLEUM LTD  :

 

BPCL has formed an interesting structure as seen in the above price chart.

If we observe it in weekly chart it seems to be in a Side Way making series of equal highs and lows.

We have to observe that if it breaks the support area of around 486 then we will see selling signals at the same area after getting a upside pullback at around 486.

if  486 support breaks then we can trade it on short side for the target of 455 area after getting a retest.

Also we will turn bullish at around 455 area as it is a strong support area to see buying signals.

 

COPPER : 

We have seen a latest big bullish move in copper as seen in the price chart.

Further we got a correction to some extent level.

We are expecting the correction till the flip support area of 3.15285 area.

We are eager to see price action buy signals at around 3.15285 area to get in line with the bullish trend.

Stay connected for further updates for COPPER.

 

NICKEL : 

 

We can see in the price chart NICKEL is aggressive bullish .

This week we can find a downside pullback to join the uptrend.

Flip support area would be around 12090 to get price action buy signal.

We can wait and watch 12090 area to get buying opportunity this week.

 

LEAD :

 

Lead is in an aggressive bullish trend as seen in the price chart above .

We are to eager to find buying opportunity at around 2400 area.

We will observe price action buy signals at 2400 area to get long in Lead

 

CRUDE OIL :

 

We can see CRUDE OIL is so aggressively bullish as seen in the above price chart.

Since from last month we ere finding a bullish move trade in CRUDE OIL , but we have not got any correction in it.

This week we will observe a downward pullback around 59 $ area to get participate in a bullish move ahead.

Stay connected for further updates for CRUDE OIL.

 

Trade Set up for GOLD and SILVER on 12th January 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

GOLD :

Yesterday we have seen an inside bar in the price chart of GOLD.

This week we were expecting a downward pullback till 1290 area to get long on price action buy signal.

We found the inside bar is formed above the previous resistance which may continue its bull trend.

We can trade this situation as per inside bar trading method i,e we can go long on first days high.

We can buy above 1328 with a Stop Loss of first days low i,e 1308

We can expect the target of 1357 in coming days

We will remain bullish as price stays above 1290 area.

 

SILVER :

 

We can observe a small pin bar yesterday in the price chart of silver as above

Pin quality is not sufficient good i,e price rejection is not aggressive.

But as we got the small pin bar at recent support after just making a big bullish move we can expect to continue its bull trend from here.

We can trade the situation formed in SILVER towards longside.

We can buy it above the pins high i.e 17.050 with a small stop loss of 16.880 as it is a pin bars low.

Target of 17.500 can be expected in coming days.

we are bullish as the price stays above 16.377 area.

Trade Set up for LIC HOUSING FINANCE LTD on 9th January 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

 

LIC HOUSING FINANCE LTD :’

As seen in the above price chart of LICHSGFIN it is observed that price bounced above the recent resistance and closed up.

Any pullback to 576 area would be an interesting area to see buying signals on 1 Hour , 4 Hour or Daily time frame.

We can expect the first target area of 610 in coming days. And if price closes above 610 area then there is a good clearance for the price to travel till 675 area.

Our view will be bullish till the price is above 560 area. So 560 would be an appropriate stop loss.

Weekly Trade Setups – 8th January to 12th January 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

 

RELIANCE COMMUNICATIONS :

As we projected in our previous post that we have to focus on flip support area. CLICK HERE.

We have seen price almost reversed from 28.50 area.

Any downward rotation of price till 26 area will be a buying opportunity if we get price action buying signals at around 26.

We can observe price action buying signals in 1 H , 4 H or Daily time frame above 26 area to rejoin the uptrend.

Our view for RELIANCE COMMUNICATION will be bullish till price lies above 26 area.

 

SUN PHARMA :

We have already identified the wedge breakout structure in SUN PHARMA . CLICK HERE

We have seen that Price reversed from flip support area.

We can watch any 1 H , 4 H or Daily price action buy signals till 555  to 540 area which becomes a flip wedge support area.

Our view will be bullish till the price lies above 500 area.

 

HINDUSTAN PETROLEUM CORPORATION LTD :

 

We have already projected the key location for HPCL.  CLICK HERE.

This week we will closely observe price action buy signals at key zone of 388 to 398 area.

Blind buying entry also can be done at this key location. But remember if price goes in reverse direction and if it is closing downside then we have to exit the trade same day by accepting the stop loss.

Or else observe clear buying signals at this key location. Even we can see 1 H , 4 H time frames to see clear buy signals to get long.

Lets see hoe price folds here at 388 to 398 area.

Stay connected for further updates.

 

YES BANK :

 

We have already identified clear side way structure in our previous post for YES BANK. CLICK HERE.

We have already discussed that this breakout can be traded in early stage also at around 320 area with a small stop loss of that days low.

We got a big bullish explosion as expected. Many traders may have participated into this trade setup.

Those who did not boarded this trade may get another opportunity to get in line with the bullish bias by observing a downward pullback till 320 area.

We can see buying signals in 1 H , 4 H or Daily time frame around 320 area as it is a retest area which become flip support.

Our view for YES BANK will be bullish till price is above 318 area.

 

ASHOK LEYLAND :

Previously we discussed about the Key location at ASHOK  LEYLAND. CLICK HERE.

This projected Key location worked aggressively and price exploded to 128.

Almost target is arrived those who have traded this key location.

We can observe any downward pullback till around 120 to 116 area which is a short term flip support area to board this trade again.

Stay connected for further updates.

 

TCS :

In our previous post  we have identified the key location for TCS .  CLICK HERE

price exactly got reversed from the key location of 2520 to 2530 area

Price exploded to almost 2708 area.

Any downward rotation till 2520 to 2530 area would be a buying opportunity till price is above 2500 area.

 

CRUDE OIL :

 

CRUDE OIL seems to be so bullish aggressive as seen in the price chart above.

We can see a flip support area around 58 $ area .

We are eager to see buying price action signals at short term support area around 58 $ to rejoin this uptrend.

Stay connected for further updates.

 

GOLD :

 

We have seen a big bullish movement from its weekly support area as seen in the above price chart.

Previously we were eager to see whether it closes above 1310 area.

We have changed our thoughts bullish for GOLD.

We are interested to see price action buy signal at around 1296 area to get in line with uptrend.

Till 1265 area our thought will be bullish for GOLD.

Stay connected for further updates.

 

ZINC :

Price seems to be in a aggressive uptrend in ZINC as seen in the price chart above.

we will be interested at around 3250 area which is a flip support area to board in the bullish explosion.

We will wait and watch price action buying signals  at around 3250 area.

 

NICKEL :

 

We have seen that price closed above the recent resistances in NICKEL as seen in the price chart.

We will closely observe buying signals at around 12095 area.

We will wait and watch and see what creates next.

Observation area to get high possibility trade might be around 12095 area.

 

COPPER : 

As seen in the above price chart of COPPER short term key location area is seen at around 3.16847 area

We will wait and watch what is the behavior of price if it arrives at 3.16847 area

We expect price action buying signal at around  3.16847 area.

Stay connected for further updates.

 

ALUMINIUM :

 

We will be interested at 2140 area which seems to be a key location for Aluminium as seen in the price chart above.

We will stay away and see how price action folds here if price arrives at 2140.

We can see a 50 per cent healthy pullback at 2140 area as seen in the price chart above.

2140 around area will be so exciting to find a price action buy signal.

Stay connected for further updates.