Trade Set ups on 26rd Feb 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

AXIS BANK :

 

Axis Bank is arrived at the multiple event area as seen in the price chart above.

Also we got a bullish engulfing signal as we can see it clearly in the above price chart.

It can be bought anywhere above 525 .

525 would be an appropriate stop loss for this long trade in AXIS BANK.

Twice reward can be expected in coming days.

Trade Set ups on 23rd Feb 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

 

ZINC :

Strong price rejection is found in the price chart of ZINC yesterday. You can see it in the above price chart,

Also it is a flip support area as seen in the price chart.

But remember short term key support is seen down near 3350 area.

Aggressive traders can trade this buy signal towards long side.

Zinc can be bought anywhere with a stop loss of 3437.

Conservative traders may wait till 3350 area to find buy signals.

 

COPPER :

COPPER has tested the multiple affected zone and closed up yesterday as seen in the above price chart.

This situation can be traded long side with a stop loss of 7005 .

Copper can be bought anywhere with a stop loss 7005.

Twice reward can be expected in coming days.

Weekly Trade Setups – 19th February to 23th 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

 

GOLD :

 

GOLD worked as per our expectation posted in last week. CLICK HERE.

Hope most of the traders have booked the target.

Those not entered in this long trade of GOLD can again find an opportunity to get long after a downward pullback.

Buying signals can be observed from 1324 to 1305 area on 4 hour or Daily time frame to rejoin the uptrend.

We remain bullish in GOLD till price lies above 1305 area.

Stay connected for further updates for GOLD.

 

SILVER :

16.201 would be a good support area to find buying signals on 4 Hour or Daily time frame.

Observe downward pullback till 16.201 area to get buying signals.

We remain bullish for SILVER till price lies above 15.627 area.

Overall downward pullback should be observed in between 16.201 to 15.627 area for long entry to get better reward.

Also strictly entry should be taken on the basis of clear price action buying signals.

Stay connected for further updates for SILVER.

 

CRUDE OIL :

We mentioned in our last post that CRUDE Oil has finally given a good downward correction to get long.

This week we have a mindset to get long if we get a downward pullback.

Downward pullback can be observed to get in line with the uptrend , till the buying zone starting from 58 $ to 54.50 $ area.

Aggressive traders can take a blind long entry in between the above mentioned buying zone.

Conservative traders should strictly observe confirmatory price action buying signals at 58 to 54.50 $ area on 1 Hour , 4 Hour or Daily time frame to go long.

Stay connected for further updates for CRUDE OIL.

 

NATURAL GAS :

We mentioned weekly chart in our previous post for NATURAL GAS to see its clear price action structure, CLICK HERE

Last week we did not got any potential buying symptom in it.

We will strictly stay away and observe what structure Natural Gas creates this week , as it has been arrived at an significant trading area.

As soon as we find any potential entry in it we will post it accordingly.

Take a deep breath and relax. Stay connected for further updates for NATURAL GAS.

 

ZINC :

 

 

ZINC explode higher from recent support area forming an Inside Bar which u all studied in our training course.

But we did not get a chance to enter in it on account of holiday on shivratri as it opened extremely gap up.

Now again we found an Inside Bar at correct location .You can see in the price chart above.

This may be trend to be continuation Inside Bar.

We will go long only when day 1’s high will break i.e 3595 and stop loss will be 3530

Inside bar can be traded both sides , but here in this case we are interested in long entry only.

Or else u can find any downward pullback till 3352 area which is a good support to take a blind long entry.

Stay connected for further updates on ZINC

 

LEAD :

Hope most of you may have booked the target for LEAD as we posted this trade last week. CLICK HERE.

Those not boarded this long trade may find an downward pullback this week till 2480 area to rejoin the uptrend.

Stay connected. Any potential entry created will be posted immediately.

Take a deep breath and relax till next entry arrives. Till lets have a look towards other charts.

 

NIFTY :

It is clearly observed in the above price chart of NIFTY that key reversal location of 10100 to 10035  is very close.

It might be a good decision to wait till 10100 to 10035 area , which is a strong key reversal area.

Buying entry would be considered strictly only if we get clear price action buy signal on daily time frame in the above mentioned key zone.

Stay connected  for further updates for NIFTY.

 

LIC HOUSING FINANCE LTD : 

One can clearly observe an aggressive downtrend in LICHSGFIN with the help of getting a series of lower low’s in the above price chart.

Also last week we observed a good correction towards upside.

Potential selling zone starts from 543 area.

Short entry can be taken on clear price action selling signals at around 543 area.

Stay connected for further updates for LICHSGFIN . If signals arrives it will be posted immediately.

 

HOUSING DEVELOPMENT AND INFRASTRUCTURE LTD :  

Price moved lower as we expected in our previous post for HDIL .  CLICK HERE.

Hope most of you booked the target in HDIL as we posted it before few weeks.

If u zoom the price chart and observe it then u will find the clear side way structure created in HDIL.

Again we might get an opportunity to enter in HDIL.

Price has bounced up from key support zone of 48 .  You can see in the above price chart,

This week we are interested to observe a downward pullback till 49 around area to get long on clear buying signals.

Stay connected , we will post next updates on this.

 

RELIANCE INDUSTRIES LTD :

RELIANCE INDUSTRIES exploded as per our expectation exactly from key reversal area of 870 .

We have taken a blind entry at this key location of 870 area. See our previous post on it . CLICK HERE.

Hope most of you may have booked the target.

Price bounced from 870 to 945 in one week.

We remain bullish in RELIANCE INDUSTRIES till the price lies above 868 area.

Those not entered in this long trade may again find an downward pullback till 870 area to get long on clear price action signals.

If clear signal arrives in between , it will be posted immediately.Stay connected.

Weekly Trade Setups – 12th February to 16th 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

LEAD :

Bullish Pin Bar is observed in the above price chart of LEAD after getting a downward pullback.

This pin bar can be traded on long side assuming the stop loss of 2480 .

The recent support is near which may become a flip resistance  as seen in the chart.

Early exit may preferred for this long trade as 1:1 and further we should observe how price chart folds to get potential price action signal.

 

NICKEL : 

NICKEL is arriving in the buying zone as we can see in the price chart above.

Relax and observe buying signals anywhere till 12102 area.

Stay connected for further updates.

 

ZINC : 

Downward pullback can be clearly seen in the price chart of ZINC.

Also we can see clearly price is pulling back as expected till 50 per cent of the previous bullish move.

Relax and observe buying signals till 3300 area.

Stay connected for further updates on ZINC.

 

NATURAL GAS :

Above is the weekly price chart of NATURAL GAS.

One can clearly see that price is arriving at a weekly key support area as seen in the above price chart.

Weekly key support area seems to be at 2.500 area.

2.500 area will be very interesting to observe the price behavior with the help of price action signal.

If buying signals found , it can be bought aggressively near 2.500 area on confirm buy signals.

Stay connected for further updates for NATURAL GAS.

 

CRUDE OIL :

After a long interval finally we got a aggressive correction towards downside as seen in the above price chart of CRUDE OIL.

55 $ area is a good key location to observe reversal buy signals to join the bullish trend in CRUDE OIL.

Observe buying signals till 55 $ area.

Stay connected for further updates for CRUDE OIL.

 

GBPINR :

 

GBPINR is undergoing a downward correction as expected which can be clearly seen in the above price chart.

We were waiting since from last two weeks to get this situation.

Now we will closely observe the buying signals at the support zone starting from 1.3658 to 1.,3454 area.

Stay connected for further updates in GBPINR.

Trade Set ups on 9th 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

GOLD :

 

As we can see that we got decent pullback in GOLD last week.

Also price has tested the key location forming a bullish rejection.

We can trade this situation towards long side.

Buying position can be created anywhere till the price lies above 1306 .

1306 would be a appropriate stop loss for this long entry and long entry can be taken anywhere when market opens.

 

Weekly Trade Setups – 6th February to 9th 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

 

NIFTY :

As seen in the above price chart of NIFTY , it is clearly seen that it is under correction.

As per price action ,  buying zone for NIFTY starts from 10550 to 10400 area as seen in the chart.

Also since from few weeks we were waiting for a healthy pullback.

This may be a good opportunity for us to observe  buying signals at the zone starting from 10500 to 10400 area.

Remember if price closes below 10400 area our buying views will get changed for NIFTY.

Relax and just observe how price folds in coming days at the projected buying zone.

Stay connected for further updates on NIFTY.

 

HDFC BANK :

We hope most of you would have traded the sideway breakout in HDFC BANK which we posted it in our old post.

Also we traded this breakout in early stage as we mentioned in our previous old post.

Now it seems to get a good opportunity in HDFC BANK , as it is pulling back as expected.

We are excited to see the price behavior with the help of candlesticks at the retest zone starting from 1900 to 1875 zone.

Any clear buying signal created in between 1900 to 1875 zone may push price bullish.

Just sit and relax and watch clear buying signal at the above mentioned zone.

Stay connected for further updates for HDFC BANK.

 

BHARTI AIRTEL :

One can clearly see in the above price chart of BHARTI AIRTEL that , price is closed below the support and bullish engulfing signal is created yesterday.

As per the mantra we studied in our training that we should wait for the upward pullback which may convert into flip resistance as shown in the above price chart.

482 area would be the most significant area to observe selling signals.

Stay connected for further updates for BHARTI AIRTEL.

 

RELIANCE INDUSTRIES :

 

As seen in the price chart above in RELIANCE INDUSTRIES it is clearly observed that price is arriving at multiple affected zone of 868 area.

Aggressive traders may consider blind long entry at around 868 area, or else conservative traders  should observe buying signals at this key location.

Always remember at the time of blind entry , if in case price is closing in apposite direction then anyway we have to exit the trade taking a small stop loss.

Stay connected for further updates for RELIANCE INDUSTRIES.

 

YES BANK :

 

Last week decent pullback was observed as seen in the price chart of YES BANK above.

Also we have achieved our target for two time in YES BANK.  CLICK HERE.

328 area is the most interesting area to see price action.

Aggressive traders may consider blind buying entry area at around 328 or else conservative buying entry can be taken only after getting buy signals at around 328.

Always remember at the time of blind entry , if in case price is closing in apposite direction then anyway we have to exit the trade taking a small stop loss.

Stay connected for further updates for YES BANK.

 

JUBILANT FOODWORKS LTD :

 

We got expected pullback last week in JUBILANT FOODWORKS LTD as seen in the above price chart.

Price is arriving at potential trading location near 1883 area.

Traders should see clear buying signals at the support location of 1883.

Stay connected for further updates for JUBILANT FOODWORKS LTD.

 

GOLD :

We have already achieved the target in our previous trade for GOLD .

Our views for GOLD are still bullish,

This week 1305 would be a key location area for GOLD to find buying signals.

Wait and watch till 1305 area would be our views for GOLD this week.

Buying zone for GOLD starts from 1305 to 1295 area where we have to observe clear buying signals to participate in the bullish move.

 

CRUDE OIL : 

 

Since from last few weeks we are eagerly waiting in CRUDE OIL to find a downward pullback.

Finally we got a small pullback in it as seen in the price chart above.

This week we are interested to find buying signals at around 62.50 $ to 61 $ area .

Clear buying signals on 1 H , 4 H or daily time frame can be observed at around 62.50 $ to 61 $ area to board in the bullish trend for CRUDE OIL.

Stay connected for further updates for CRUDE OIL.

 

Trade Set ups on 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

 

HPCL : 

As we were eagerly waiting for the key reversal area of around 400 for HPCL from last couple of weeks.

It is seen in the above price chart of HPCL that price closed below the key support.

Also price has tested the flip key resistance at around 400 area forming bearish rejection.

Short positions can be created anywhere below 410 area i.e pin bars high.

Tight stop loss of 410 should be applied for this trade using money management discipline.

Next support is found at around 356 area which can be the exit target for this trade.

 

ALUMINIUM : 

In the above price chart of ALUMINIUM we can observe that , it has arrived at a key location i.e multiple event location.

Also price has closed above the multiple event location.

Long position can be created using above high probability situation anywhere above 139.30

139.30 would be a appropriate stop loss for this trade to trade it towards longside.

Expected target should be recent resistance at around 146 area.