Weekly Trade Setups – 26th March to 30th March 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 we discussed earlier that our view towards NIFTY was aggressive bearish. CLICK HERE.

As per price action we were having a mindset to sell NIFTY after getting a pullback till around 10300 area to 10630 area.

Price came up but fall down from 10480 area which was our expected selling zone.

As seen in the above price chart their is a strong support at around 9685 area.

We hope price may test 9685 area which might be significant change for NIFTY to continue its older uptrend.

Any upside pullback till 10300 area may be a good opportunity to Sell NIFTY for the target of 9685.

Stay connected for further updates for NIFTY.

 

BHEL :

Hope most of you may have booked the profit for our previous trade in BHEL . CLICK HERE.

As we mentioned last time that short term bullish ascending channel has broken downside. Also we got a retest.

Price moved downside in our favor.

Any upside pullback till 87 area would be again an selling opportunity.

Stay connected for further updates for BHEL.

 

SUN PHARMA :

We were eager to see the price behavior at 499 area. we were expecting an opportunity that if price closes below 499 area then we can get a big downward move.

But still we hope price may close below 499 area. If it happens then after getting a retest till 499 area we will be ready to participate a big downward movement till 435 area.

Also we will work here only after getting the proper price action design.

Stay updated for next updates in SUN PHARMA.

 

YES BANK :

Price got a good downward push as we expected. CLICK HERE.

Any upside pullback till 295 area would be a selling opportunity after getting a confirmation price action selling signal at around 295 area.

Stay connected for our further updates on YES BANK.

 

GOLD :

GOLD worked in our favor almost two times from the key reversal location as shown in the above price chart. CLICK HERE.

Any downside pullback till 1325 area would be again a buying opportunity after getting price action buying signals at around 1325 area on 1 H or 4 H or daily time frame.

We remain bullish till price lies above 1295 .

Stay connected for further updates in GOLD.

 

LEAD :

We were aggressive bearish towards LEAD as we mentioned in our previous post. CLICK HERE.

Those who have not entered in selling trade for LEAD can observe a upside pullback till 2448 area to get again in line with the short term downtrend for the target of 2257 area.

 

ZINC :

 

As we can see in the above chart that price is moving in a consolidation range after performing a big selling rally.

As we mentioned in our last post to wait for a upside pullback till 3350 area.

We are having again same views that price should come up to test 3350 area and we should get selling signal for the bearish rally participation.

Stay connected we will update as the situation comes.

 

ALUMINIUM :

Ideal short selling trade set up was created in ALUMINIUM on 14th March 2018 as we have shown in the above price chart.

Short positions can be created if price pulls up near 2112 area with a stop loss of 2127.

Ideally this trade has already executed on 15th March 2018. Remember if price pulls up near to 2112 area then only blind short entry can be done with a stop loss of 2127

 

NICKEL :

As per the price action seen in the above chart NICKEL is arriving at a crucial area to watch for signals at 12802 area.

We will stay away and watch how price reacts at 12802 area.

We will update if potential situation arrives in NICKEL.

 

CRUDE OIL :

CRUDE OIL moved aggressive bullish as per our expectations. CLICK HERE.

We can find any buying signal on 1 H or 4 H time frame till the price lies above 60 $ area.

Watch for any downward pullback till 63 $ area to rejoin the uptrend.

Stay connected we will keep on updating the further possibilities.

Please Note

Please Note :

Price Action Research Reports  will not be posted from 14th March to 25th March.

Members area weekly studies will be continued posting from 26th March 2018.

All members subscriptions will be extended accordingly.

Thank You.

 

 

Regards

Team Tradingstyle Mumbai

 

Weekly Trade Setups – 12th March to 16th March 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 Pharmaceutical Industries Ltd :

Longer view in SUN PHARMA seems to be in downtrend as seen in the price chart above.

Price is arriving at a very crucial zone of 499 area.

We are closely observing the area of 499. we are eager to see the price action at this area.

If price fails to hold 499 and close strongly below it , then we can expect a big move downside till 435 area.

If price closes below 499 then we will enter short after we get a retest at 499 area.

Lets watch how price behaves here.

We will update as the entry situation creates. Stay connected.

 

BHEL :

 

We have posted the trade set up for BHEL last week . CLICK HERE.

We observed on Friday price came up to retest the 90 area.

It failed and closed down forming a bearish pin. Pullback was not exact till 90 area.

Short Entry can be created in BHEL till price lies below 91 area.

91 would be an appropriate stop loss for this trade and expected target would be 77 or else trailing stop loss can be used to get maximum profit if it works.

 

LIC Housing Finance Ltd :

LICHSGFIN moved downward as per our expectation. Please CLICK HERE to see our previous post.

We are again interested to repeat the same situation which has happened.

536 to 543 will be our next observing areas to get sell signal to rejoin the downtrend.

Lets watch if we get a upside pullback till 536 to 543 area to get in line with downtrend.

stay connected for next updates.

 

Reliance Industries Ltd :

Hope most of you may have booked huge profit in RELIANCE INDUSTRIES in our previous trade.

We have consistently booked two big rallies in it. CLICK HERE to see our previous post.

Now it is the time to stay away and observe how price action folds next.

We have marked the potential trading location in the price chart above.

Price is moving in a side way structure making equal highs and equal lows,

Now our focus areas will be 958 which is equal high area or else we will focus on 868 area which is equal low area.

Take a holiday till the above mentioned area arrives.

We will update next possible situation.

Stay connected.

 

YES BANK Ltd :

YES BANK was our most rewarding trade for last week . CLICK HERE.

Hope most of you have participated in this trade.

Now it has arrived at support location.

But still we don’t have buying views at this stage in YES BANK.

We will be interested to find again the same situation which has already happened.

It means we are in a mood to sell the strength till 329 area.

we will observe a upside pullback till 329 area to get short in it.

We will update our next price action views in it.

Stay connected.

 

HDIL :

We were expecting a big move in HDIL as we mentioned in our previous post.  CLICK HERE.

We got a decent downward move last week starting from 47 to 40 area which is a big reward compared to the risk.

Hope most of you have boarded this trade. Those not entered in this trade can take one more chance if price rotates up till 47 area,

Wait and watch if we get a retest till 47 area.

Observe selling signal at 47 area. to rejoin the downtrend.

Price is expected to move more lower till 24 area as seen in the price chart.

Finally wait and watch if we get a retest at 47 area,

Stay connected we will update accordingly.

 

SILVER :

Hope most of you have boarded the long trade in SILVER . CLICK HERE to see our previous post.

We got good reward for our recent winning trade in SILVER.

SILVER has given the second opportunity for us to again rejoin it.

Those not participated in it can still get long in SILVER on Monday or else find buying signals on 1 Hour , 4 Hour to rejoin the long position in it.

We are still bullish in it till price lies above 16.150

Any close below 16.150 will temporary nullify our buying views in it.

 

GOLD :

GOLD also was a good rewarding trade for us . CLICK HERE to see our previous post.

Those not participated in GOLD trade can still get long in it on Monday or else find buying signals on 1 Hour , 4 Hour to rejoin the uptrend.

GOLD has also given the second chance to enter it long.

We remain bullish till price lies above 1295 .

Any close below 1295 will change our buying views.

 

CRUDE OIL :

CRUDE OIL also moved as per our expectation last week . CLICK HERE.

This week again we can go long in it till the price lies above 60.10 $ or else find buying signals in it on 1 Hour , 4 Hour time frame to go long in it.

We stay bullish for CRUDE OIL as long as the price lies above 60.10 $

 

ZINC :

It can be clearly observed that price has fallen down aggressively last week as seen in the above price chart.

This week as per price action we have changed our selling views for ZINC .

We are eager to see a upside pullback starting from 3350 to 3438 area to go short in it after getting price action selling signal.

We will observe clear selling signal in between 3350 to 3438 area to participate the bearish rally downside till 3050 area.

If we get selling signal after a upside pullback , then this trade may be a big reward winning trade.

Just wait and watch for the opportunity in ZINC.

We will update if we find any potential set up in it.

Stay connected.

 

LEAD : 

LEAD also has fallen down aggressively last week as we can clearly see in the price chart above.

This week we have mind set to get a upside pullback starting from 2400 to 2515 area , to go short in it after getting clear price action selling signal.

We will immediately post if any potential entry arrives for LEAD.

Stay connected.

 

NICKEL :

Price has almost reversed from its flip support area. CLICK HERE to see our previous post .

Buying signals should be observed at around 12790 if price we get a downside move till 12790 area.

Without testing 12790 area price has been reversed aggressively.

Waiting till recent multiple affected zone till 12790 may be a good decision.

Stay connected for further updates on NICKEL

Trade Setups – 8th to 9th March 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 :

Nifty has broken the recent sideway structure and closed strongly down as seen in the above price chart.

Now it is arriving at a key support area which is seen at around 10060 area.

But we have bearish view towards NIFTY as per the price action created in the above price chart of NIFTY.

we will watch upward pullback till around 10300 area which may act as flip resistance.

As per price action we have a mindset to sell NIFTY after getting a pullback till around 10300 area to 10630 area.

So just relax and wait for the high probability setup for NIFTY.

As soon as we get any potential signal in it we will immediately post it.

Stay connected for further updates for NIFTY.

 

BHEL :

Following is the weekly chart of BHEL Cash Market

We can clearly observe that BHEL is moving in a short term  bullish ascending channel in weekly chart as shown above.

Yesterday channel support has broken as seen in the price chart above.

Now we are interested to see a retest at around 90 area.

Aggressive traders may take a blind short entry at around 90 area. While taking a blind entry always remember if price closes down then we can carry our trade. But if price is unfavorably closing up at the time of market close , then book the loss and exit the trade.

Or else conservative traders may wait for the clear signal on one hour , four hour or daily time frame.

Stay connected we will update accordingly.

 

GBPINR :

Price seems to be aggressive bullish for GBPINR as seen in the price chart above.

Since from last couple of weeks we are very eager to get buying opportunity in it.

Without losing our patience we are still watching an opportunity to get a high probability trade in it.

This week as per price action we have a mindset to take a blind long entry at around 88.50 area.

Stay connected for further updates in GBPINR

Trade Setups – 6th March 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 :

Copper is moving in a complex side way range since from last few months as we can clearly see in the above price chart.

Also we can clearly see a indecisive price action from past three days.

Also price has rejected the downside movement yesterday as observed in the price chart above.

As the price is arrived at previous support location and also we got slight bullish rejection at this area.

We can trade this situation towards upside.

Long position can be created at around 3. 1370 area with a tight stop loss of 3.0945

Expected target should be twice than the risk or stop loss trailing may be more preferred.

Trade Setups – 5th March 2018 to 9th March 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 : 

Below is the weekly Price chart of HDIL.

We got expected downward movement in HDIL in our previous post. CLICK HERE.

HDIL is arrived at potential observation area at which a big move can happen.

As seen in the above weekly price chart of HDIL , If it breaks 47 area and closes strongly below it , then we can expect a lower move till 25 area in coming weeks.

Aggressive traders can go short only if it closes strongly below 47.

47 would be a flip retest area where aggressive traders can take a blind short entry following the same days high as a stop loss and conservative entry should be taken only after retest of 47 area on daily time frame.

 

YES BANK :

As seen in the price chart of YES BANK we got a clear bearish rejection on 27th Feb 2018 at flip resistance area.

This may be an ideal trade set up as u have studied in our price action course.

Ideally short entry should be taken at 325 area.

Following the stop loss of 335 YES BANK can be traded downside for the target of 305 .

 

RELIANCE INDUSTRIES :

We got expected bullish movement in RELIANCE INDUSTRIES in our previous post. CLICK HERE.

Generally we don’t trade counter trade .

But we can go short in RELIANCE INDUSTRIES as per the price action created as shown in the above price chart.

Short positions can be created at around 947 following the tight stop loss of 961

Early exit would be preferred at around 915 area or stop loss trailing would be also be a good decision here.

 

CRUDE OIL :

 

Long back we are in search of bullish trade for CRUDE OIL.

As we mentioned blind entry buy zone in the price chart above. It was around 58 $ to 54.50 $ area.

But as per the price action created in last couple of days , we found small bull rejection from 60.10 $ area.

Aggressive traders may trade this situation towards upside.

Long entry can be created anywhere above 60.10 $

60.10 $ would be the appropriate stop loss for this long trade for CRUDE OIL.

Conservative traders may wait for the clear buying signals at the mentioned location.

Trade Setups – 2nd March 2018 to 9th March 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 Previous post we mentioned that we have to observe buying signal at recent support area. CLICK HERE.

Yesterday price reversed from the exact mentioned support location of 16.201 area forming a bullish rejection.

Price has respected that support location.

We can go long in SILVER above 16.201

Long positions can be created in SILVER anywhere above 16.150

16.150 would be a appropriate stop loss for this long trade in silver

16.975 would be the expected target area.

 

GOLD :

 

We have already projected the buying location in our previous post for GOLD. CLICK HERE.

Yesterday price has respected the location which we mentioned last time. It has reversed exactly from 1305 area as we mentioned in our previous post forming a bullish rejection.

Aggressive traders may get long at this created situation and conservative traders may wait till 1295 area to get buying signal as the buying zone is extended till 1295 area.

Long positions can be created anywhere above 1295 area.

If price closes below 1295 area then we will change our buying views for GOLD.

1295 would be an appropriate stop loss for this long trade for GOLD.

1350 would be the expected target or else trailing of stop loss would be preferred.

 

CRUDE OIL :

 

Price is moving as expected in crude oil as we have posted in our previous post. CLICK HERE.

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.

 

NICKEL :

 

NICKEL is pulling down from the inside bar created on 27th Feb 2018 which we have studied as a either way trading signal.

Multiple affected zone i.e Key reversal location in NICKEL starts from 12790 to 12192 which is a potential buying zone as seen in the above price chart.

Wait till the above mentioned area to get buying signal to go long in NICKEL.

Stay connected for further updates for NICKEL.

 

LEAD :

 

LEAD price is exactly moving as per expectation as we posted in our previous post. CLICK HERE.

Price has broken the support of 2480 and closed strongly down.

Two way situation is created now as per the price action created in above chart of LEAD.

Either wait till 2400 area and find clear buy signal to go long in LEAD.

Another situation may be wait for a upward pullback till 2515 to get a selling signal for the target of 2400.

Wait and watch how price reacts next.

Stay connected for further updates in LEAD.

 

ZINC :

 

We are stop out from the bullish pin bar created on 22nd Feb 2018. CLICK HERE

Now we will cautiously observe 3350 area to get next judgement on ZINC.

Stay connected for next update on ZINC.