Weekly Trade Setups – 30th April to 4th May 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 Industries : 

It is clearly observed in the above price chart of RELIANCE INDUSTRIES that side way structure is broken towards upside.

We will find a downward pullback till 960 to 940 area. If we get clear price action buy signal in between 960 to 940 area we will go aggressive long.

Stay connected for further updates’

 

GOLD :

Price is arriving at equal low area as we have posted in our previous post.  Click Here.

We will closely observe price action buy signal at around 1307 area.

We can get explosive bullish movement ahead if we get clear price action signal at around 1307 area.

Wait for the opportunity. Stay connected for further updates.

 

SILVER : 

Silver was aggressive bullish few days before , but it was equally bearish in next few days. We were waiting for buying opportunity at flip support area.

But we did not got any buying signal and price closed below 16890 area.

Price is arriving close to around 16200 area which is a strong key support area.

It would be better if we wait till 16200 area and watch for a clear buy signal to get long.

Stay connected for further updates.

 

CRUDE OIL : 

we will wait for a downward pullback at around 65 $ area and watch for a price action buy signal to join the bullish move.

Stay connected for further updates.

 

ZINC :

Zinc is arriving at a Key support area of around 3050. We are interested to get a buy signal at around 3050 area.

Stay connected we will post if any potential situation arrives in ZINC.

 

ALUMINIUM :

Aluminium is arrived at a location where we have to see price action buy signal at around 2228 area.

We should get clear price action signal at the arrived 2228 area to get long.

If price closes below 2288 we will stay away and wait until we get clear price action structure.

 

NICKEL : 

12800 area is a key support location for nickel as seen in the price chart above.

We will wait and observe what develops next to decide high probability trade.

Stay connected for further updates.

Weekly Trade Setups – 23rd April to 27th April 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

 

NTPC LTD :

We can get an opportunity to trade in NTPC as it has recently broken the resistance, seen in the price chart above.

Wait for the pullback till 171 area and find clear price action buy signal to join the bullish move.

Stay connected for the next updates for NTPC .

 

POWER GRID CORPORATION LTD :

POWER GRID seems to be in an aggressive bullish momentum as seen in the above price chart above.

If we get a downward pullback in between 198 to 200 zone then it would be a good opportunity to catch the bus.

Overall we are interested to find price action buy signals at flip support zone of around 198 to 200 area.

Stay connected for further updates of POWER GRID.

 

AUROBINDO PHARMA LTD :

AUROBINDO PHARMA has already arrived at a key resistance area of 631 area and moved lower in last three days.

We were highly interested to get price action sell signal at around 631 area.

This week we have to closely observe sell signal at around 631 area to participate in a bearish move down.

If price closes above 632 area then we will nullify our selling views in it.

Stay connected for further updates on AUROBINDO PHARMA.

 

TECH MAHINDRA LTD :

We can clearly see a side way range breakout in above price chart of TECH MAHINDRA.

Also there was a inside bar breakout on 20th April  in it as we can see in the above price chart.

Now we have a mindset to observe a downside pullback till 647 area to join the bullish trend.

Overall find clear price action buy signals at around 647 area to get long in it.

We will update in our next post as signal arrives.

 

NICKEL :

We can clearly see a inside bar bullish breakout in the above price chart .

There is a bearish pin bar created on 19th April , But we generally don’t trade counter trend.

Our price action views says that we will observe buying signals at flip support zone in between 14421 to 14037 area.

Wait for the downside pullback till the flip support area and observe buying signals in between 14421 to 14037 area.

We will update in our next post.

 

LEAD :

We are waiting for 2255 area to get buy signals, we posted in our previous post.  CLICK HERE.

Last week we observed a small upside pullback generating bearish pin bars as u can see in the above price chart.

This can be traded downside for the target of 2255 area.

Overall we can take short position anywhere with a stop loss of 2414 for the target of 2255

 

CRUDE OIL :

CRUDE OIL is in aggressive bullish trend as we posted in our previous trade. CLICK HERE.

Observe a downside pullback at around 66.50 $ area to get price action buy signal to rejoin the bullish trend.

 

SILVER : 

Side way range breakout can be clearly seen in the above price chart of SILVER.

This would be a opportunity for us if price pulls down at flip support area of around 16800.

Wait for the downward pullback till 16800 area and observe  price action buying signals to join the bullish move ahead.

Stay connected for further updates on SILVER.

 

GOLD :

As it is a side way structure we can get a good opportunity if focused at equal high and equal low area.

If we get clear price action sell signal at 1356 area we would prefer to go short or else price pulls down to 1305 area and we get clear buy signal then we would prefer to go long.

Stay connected for next updates on GOLD

 

NATURAL GAS :

Natural Gas was moving in a narrow range structure since from last few weeks as seen in the above price chart.

Since from last few weeks we were finding a trade for Natural Gas, Now it may be a right time to trade Natural Gas.

If price breaks 2814 area which is is a strong resistance and closes above it then we can go aggressive bullish in it , Also we can see in the chart that there is no resistance seen before 3200 area.

Also if we see another scenario , Key support lies at 2531 area. If price pulls down to 2531 area , it will be a buying opportunity on getting price action buying signals.

Stay connected for further updates on NATURAL GAS.

Weekly Trade Setups – 16th April to 20th April 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

 

HAVELLS INDIA LTD :

Havells moved as we expected last week. Click Here.

Those not entered in this long trade may observe a pullback down to 525 area to get long on price action buy signal on daily time frame.

We expect the target at next resistance at 570 area.

 

EICHER MOTORS LTD :

Bullish side way breakout is clearly seen in the above price chart of EICHER MOTORS.  CLICK HERE.

Now we are eagerly waiting for a downside pullback in between the range of 29700 to 29077 area to get price action clear buy signal as shown in the price chart above.

We will wait for the downside pullback till 29700 to 29077 area and watch clear price action buy signal to rejoin the bull rally.

Stay connected for next updates on EICHER MOTORS.

 

RELIANCE INDUSTRIES LTD :

RELIANCE INDUSTRIES is arriving at the expected trading location. CLICK HERE. 

We can clearly see a side way stucture creating equal high and equal low as shown in the above price chart.

Now we will focus on equal high area which is located at around 958.

At around 958 we will observe how is the price behavior with the help of candlestick signal.

If we get clear selling signal at around 958 area then we can go short , or else if price breaks 958 and closes above it then we will nullify our selling views.

 

BHEL :

In case of BHEL our price action view is that , if we get clear price action buy signal at around 83 area after a downside pullback then we will go long in it.

Or else we can observe clear price action selling signals at around 98 area to go bearish in it.

Stay connected we will update on BHEL as the price action structure creates.

 

HDIL : 

In above price chart of HDIL we have a clear view that if price rises up till 48 area and we get clear selling signal then we will again rejoin the downtrend in it.

We have taken many trades in HDIL on short side in last few months which worked in our favor.

Lets wait and watch what develops next to find a clear price action trading opportunity.

We will update accordingly.

 

TATA MOTORS LTD :

As seen in the above price chart of TATA MOTORS price is arrived at a flip resistance area of 360 . CLICK HERE.

Above is the Daily price chart of TATA MOTORS. We posted in our previous post that we will observe selling signal at around 360 area.

We got a bearish signal in TATA MOTORS on 9th April 2018. As it is a flip resistance area we can go short in it with a stop loss of 370  for the target of 340.

Ideally we can go short at 364 with a tight Stop loss of 370 for the target of 340.

 

GOLD :

Aggressive traders may have booked the profit in GOLD as we posted in last week. CLICK HERE.

We can clearly see in the above price chart of GOLD that , it is moving in a range creating equal highs and equal lows.

Our focus area in the coming week will be around 1356 and 1305

As it is a side way structure we can get a good opportunity if focused at equal high and equal low area.

If we get clear price action sell signal at 1356 area we would prefer to go short or else price pulls down to 1305 area and we get clear buy signal then we would prefer to go long.

Stay connected for next updates on GOLD

 

SILVER :

Same structure is created in silver as we have seen in the GOLD.

From last few weeks price is moving in a range creating side way structure with equal highs and equal lows.

This situation may create a good trading opportunity for us.

Our focus area for coming week will be at around 16850 or 16150

We have a mind set , if we will get clear price action sell signal at around 16850 area then we would obviously go short or else if price comes down to around 16150 area and we get clear buy signal then we would prefer to go long in it.

Stay connected for next updates for SILVER.

 

ZINC :

Last week price moved aggressively bearish as we can see in the above price chart of ZINC.

As seen in the chart key support location is located at around 3040 area.

If we get clear price action buy signal at around 3040 area then we are going to go long aggressively as it is a multiple affected event area.

In this case clear buying signals can be observed on any time frame i.e on 15 min , 30 min, 60 min , 4 hour , or daily time frame at around 3040 area.

Stay connected we will immediately post it in members area if any opportunity creates in ZINC.

 

LEAD :

Long term support area is arriving as seen in the above price chart of LEAD which is located at around 2255 to 2201

We may get a buying opportunity at 2255 to 2201 long term support location.

This week we will closely observe clear price action buying signals at around 2255 to 2201 area .

Stay connected we will post the updates on LEAD accordingly.

 

CRUDE OIL :

Last week we have seen that CRUDE OIL was aggressive bullish as observed in the price chart above. CLICK HERE.

We were stop out in CRUDE OIL last week . But finally crude was aggressive bullish after creating a inside bar on 9th April 2018.

Also we mentioned that around 60 $ area was a strong support just below the bullish pin bar.

Price has closed above 66.50 $ which was a key resistance as shown in the price chart above.

Waiting for a downward pullback till the recent support levels would be a good decision to trade CRUDE OIL.

Recent support levels are located at around 64 $ , 61.80 $ , 60 $ area and 58 $ area.

Any buying signals on daily time frame created at the above mentioned support levels would be a buying opportunity.

Stay connected for further updates on CRUDE OIL.

 

ALUMINIUM : 

We were eager to see selling signal at flip resistance area . CLICK HERE.

But price closed above 2114 area without getting selling signals at flip resistance area and exploded bullish.

Price is arrived at key resistance area as seen in the above price chart of ALUMINIUM creating a bearish pin bar.

But as it is a counter trend bearish pin bar we are interested to find the buying signals after getting a downward pullback till 2150 area.

Also 2150 area will be a 50 per cent healthy pullback to get a buy signal according to the aggressive bull trend seen in Aluminium

Only aggressive traders can participate in the bearish pin bar created on Friday 13th April 2018.

But remember aggressive traders may come out soon from the short trade if they participate in the bearish pin bar created as shown in the above price chart of ALUMINIUM.

Weekly Trade Setups – 9th April to 13th April 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

 

Punjab National Bank Ltd :

We can see clearly in the price chart above that PNB is moving in a narrow range since from past few days after a strong bearish rally.

As seen in the chart above we can participate in a bullish breakout located at 104 area.

As per the price action trading we have to first watch for the breakout and then see the pullback to enter the trade.

But in this case we can participate early and take a long entry at 104 area by following the same days low as a stop loss.

But make sure price breaks 104 area and closes above it. Also tight stop loss of same days low should be followed.

Next flip resistance is seen at 128 area which would be the target for this trade.

 

VEDANTA LTD :

Above is the weekly price chart of VEDANTA.

Price action says that price is arrived at key support area which is located at 279 area.

Here we can observe a downside pullback till 279 area on daily time frame to get price action buy signal.

Target area should be 305 which is a flip resistance as seen in the daily price chart.

 

HAVELLS INDIA LTD :

One can clearly identify the side way structure breakout in the above price chart of HAVELLS.

On Friday bullish upside breakout has happened and price closed above 525 area.

This may be an opportunity for us to find buying signals after a small pullback till 525 area on 1 hour , 4 hour or daily time frame.

Aggressive blind entry traders should make sure that price should not close below 525 area if they enter long as a blind entry.

Assuming 525 area as a tight stop loss long entry can be done for the target of 565.

Conservative traders may watch buying signals at 525 area on any smaller time frame starting from 15 min to enter the trade.

 

EICHER MOTORS LTD :

Bullish side way breakout is clearly seen in the above price chart of EICHER MOTORS.

Now we are eagerly waiting for a downside pullback till 29077 area to get price action buy signal as shown in the price chart above.

 

ALUMINIUM :

Price is pulling up from its support zone as seen in the above price chart of ALUMINIUM.

Flip resistance is located at 2114 area as shown above.

We are interested to see selling signals at 2114 area to get in line with the bearish momentum.

 

NICKEL :

Key reversal location for NICKEL is seen at 12820 area as shown in the above price chart.

Watch price action buy signals at 12820 area to participate in the bullish rally above.

 

ZINC :

Price moved downside last week as we expected. CLICK HERE.

On Friday we have seen an inside bar as shown in the above price chart of ZINC.

As per the price action created in the above chart we have a view to see sell signal at flip resistance above at 3350 area or else see buying signals at key support area down at 3052 area.

But aggressive traders can trade the either side breakout of inside bar formed on Friday.

 

GOLD :

Side way chart creating equal high and equal low can be clearly seen in the GOLD as seen in the above price chart.

Our observation area for finding the trade should be 1307 area to get buy signals as per price action created in the price chart of GOLD.

We got bullish pin bar on Friday as we can clearly see in the above price chart.

Aggressive traders can take a long position but remember key location is located at 1307 area.

As event area is located at 1307 area we would be more interested to wait and watch if price test 1307 area.

Trade Setups – 5th April 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

 

YES BANK :

Bearish engulfing is clearly seen in the above price chart of YES BANK on 4th April.

As the location of bearish engulfing is at resistance area we can consider this situation as a high probability.

Considering 321 as a stop loss we can try this trade towards short side.

Also entry can be taken as per bearish engulfing trading method or after a small upside pullback near 315 area to reduce the stop loss.

286 would be a target area for this selling trade. or else following standard exit i.e 1:2 is always better.

 

CRUDE OIL :

We projected the reversal location in our previous post for CRUDE OIL. Click Here.

We were eagerly waiting for a downward pullback at around 63 $ area.

Also there is a strong support down at 60 $ and next at 58 $ area.

But the situation created before that can’t be ignored.

We got a bullish rejection yesterday at the expected flip support area as shown in the above price chart of CRUDE OIL.

This high probability situation can be traded long side with a stop loss of 62 $.

Expected target would be 66 $ area.

Always remember anything can happen therefore risk management is the only way to get success in the market.

Weekly Trade Setups – 2nd April to 6th April 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 :

 

In the price chart of SUN PHARMA we were interested to observe the price action at 499 area. CLICK HERE.

Finally last week price closed below 499 area.

Retest can be observed at 499 area on 1 Hour , 4 Hour or Daily time frame , i.e selling signals has to be watch.

Aggressive traders can go short using the appropriate stop loss of 513. We can expect the target of 462 in coming weeks as it is a next support area seen in the price chart.

But always remember 1:2 risk reward is a best deal for any trade.

 

RELIANCE INDUSTRIES :

Price is almost arriving to the desired trading location as seen in the price chart. CLICK HERE.

We are eager to watch the price behavior at 868 area to take the further trading decision in it.

Either possibility would be that , if price closes below 868 area then we can expect it may move downward till next support of 780 area , or else if we get strong price rejection buy signal at 868 area then we would prefer to get long.

Stay connected we will update accordingly as the situation creates.

 

TATA MOTORS :

Above is the weekly price chart of TATA MOTORS.

It can be clearly seen that recent support of 359 has break down and closed below . Also we can see price has tested  359 area and closed below.

This week any upside pullback from 340 to 359 area would be a selling opportunity.

We stay bearish in TATA MOTORS as long as the price lies below 360 area

Price may move downward till next support area which is at 280 as seen in the price chart above.

Watch for the upside pullback till 340 to 359 area to participate this downward move.

 

WIPRO :

Price is closed below the key support location of 280 as seen in the above price chart.

This week we have to observe selling signals carefully at the arrived location of 280 to 281 on 1 H , 4 H or daily time frame.

Next support is far away at 252 area as seen in the above price chart which we can consider the target area.

Stay connected for further updates on WIPRO

 

GBPINR :

We are interested to observe buying signals at recent support location at 89.40 to 88.50 area in the above price chart of GBPINR

Stay updated for further updates on GBPINR

 

ALUMINIUM :

ALUMINUM is arrived at significant trading location of 2000 which is a strong support as seen in the price chart above.

Aluminium moved downside as we expected. CLICK HERE.

We can see a strong support in the above price chart of ALUMINIUM at 2000 to 2005 area.

Long positions can be created if price action buying signals are found at 2000 to 2005 area on 1 H , 4 H or daily time frame.

Aggressive traders  can take a blind long entry at 2000 area following the blind entry method. Stop loss would be the same days low price. If price favors then we can carry this trade for the target or if price moves in apposite direction then strictly exit has to be taken on the same day by accepting the stop loss.

If we get the buying signal at 2000 to 2005 area , we can expect the target of 2110 area which is a flip resistance area as shown in the price chart above.

Also we will observe selling signals at flip resistance area at 2110 area to participate in the downward move again.

Stay connected for further updates.

 

ZINC :

We posted on ZINC last week . Click Here.

We can see a slight bearish rejection created in the above price chart of ZINC .

But remember flip resistance area is located little above at 3350 area as seen in the price chart above.

Those who have taken short positions should keep the stop loss flexible at around 3355 area.

This week watch selling signals at 3350 area to participate in the downward move till next support area which is at 3050 area.

Stay connected for further updates.

 

NICKEL :

Click here to see our previous post on NICKEL .

Price went up without generating any buying signals at the significant location of 12800.

Watch any downward pullback till 12800 area and observe buying signals on 1 H , 4 H or daily time frame to get in line with the bullish move.

Stay connected for further updates.

 

GOLD :

We got a decent downward pullback in GOLD last week . CLICK HERE.

This week we will closely observe buying signals from 1307 to 1295 area.

We remain bullish as long as price lies above 1295 area in GOLD .

We will observe buying signals in the range between 1307 to 1295 which is a strong key support area and was worked for about four times as we can see in the price chart above.

Stay connected for further updates on GOLD.