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
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.
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 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.
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.
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.
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
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.