Weekly Trade Setups – 28th May to 1st June 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

 

Hero MotoCorp LTD :

We posted price action view on HERO MOTOCORP in our previous post. CLICK HERE.

We have seen that price has bounced from equal low area as shown in the price chart above.

We can observe buying signals after a down side pullback on 1 hour time frame at around 3505 area to get long into it.

Overall we remain bullish as long as price stays above 3373 which is a key support zone.

 

YES BANK :

We can clearly see a healthy pullback in the chart of Yes Bank which is almost 50 per cent.

Also price has been got exactly reverse from its flip support zone of around 326.

Any downside pullback might be an buying opportunity in between 326 to 321 area.

We remain bullish till price lies above 321 area.

 

EICHER MOTORS LTD :

We can clearly see that price has again bounced exactly from the key reversal viagrageneriquefr24.com location of around 29064.

Price got reversed without testing 29064 area.

Any downside pullback around 29064 will be a buying opportunity on getting clear buying signals on 1 H 4 H or daily time frame.

Or else buying signals can be observed on any downward retracements on 1 H , 4 H or daily time frame till 29064 area which is a strong key support zone.

 

Hindalco Industries LTD : 

We can clearly observe the multiple inside bar upside breakout in the above price chart of HINDALCO INDUSTRIES.

Buying signals can be observed on 1 H and 4 H time frame to get long in it till the price lies above 225 area.

 

CRUDE OIL : 

After a long time we have seen aggressive retracement in last week as shown in the above price chart of CRUDE OIL.

Multiple affected zone is seen close at 66.95 to 65.55 $ zone.

It would be a good buying opportunity in CRUDE OIL if we get clear price action buy signals at the key reversal location in between 66.95 to 65.55 $ area.

Stay connected we will update as the signal arrives at the above projected location.

 

NATURAL GAS : 

We have already booked two bull rallies recently for Natural Gas.

Natural gas again seems to be aggressive bullish and next resistance is seen far away at near about 3.630 area which we posted in our previous post.

Buying signals can be observed on any downward pullback on 1 H, 4 H or daily time frame to ride the bull rally ahead.

We remain bullish for Natural Gas till price lies above 2.780

 

LEAD : 

We have seen a bullish stroke in Lead last week and also price closed above the Key location. We can see it clearly in the above price chart.

Now we have a mindset that if price rotates down till 2401 and we get buying signals on 1 H 4 H or daily time frame then we are going aggressive for a long trade.

Any downside pullback till 2401 might be a good opportunity to board the bull run ahead. But mind well buying signals should be clear on 1 H or 4 H or daily time frame at around 2401 area.

 

ZINC : 

Multiple key location is very close in the ZINC as we can see it clearly in the above price chart.

In the case of ZINC we have two options. Either price pulls down till 2975 area we will observe clear buying signals or else if price pushes above till 3174 area then we are going to observe selling signals.

Its better to stay away and watch what develops next for ZINC.

Stay connected fort the further updates for ZINC.

 

GOLD : 

We can clearly see that GOLD is key level breakdown which is clearly seen in the above price chart.

Last week GOLD pushed above and arrived at the flip resistance area of 1307 to 1303

We have short views for GOLD till price lies below 1307 area which is a strong key resistance area. But we should get a clear selling signal at the arrived location to participate in the bearish move down.

Overall wait for the clear selling signals on daily time frame.

We remain bearish for GOLD till the price lies below 1325 area.

 

SILVER : 

Clear side way structure is observed in the price chart of SILVER as shown above.

If price come up at around 16.835 we will watch selling signals to participate in short term bearish trend.

And if price pulls down around 16.128 then we are going to observe buying signal

Stay connected,  as situations arrives we will update shortly.

Weekly Trade Setups – 24rd May to 25th 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

 

BANK NIFTY :

 

We can clearly see downward correction in the above price chart of BANK NIFTY.
25450 is seen as the flip support level to see buying signals.

We will observe clear buying signals on daily time frame at the support area at around 25450 .

If Price closes below 25450 area then we will see price action buy signals on daily time frame at next support area at around 24707.

Stay connected we will update as signal arrives.

 

HERO MOTOCORP LTD :

We can observe clear side way structure view as we zoom in the above price chart of HERO MOTOCORP.

we will observe clear price action action buy signal at equal low area which is a key support in between 3404 to 3372

We will update as signal arrives. Stay connected.

 

TATA MOTORS :

Above is the monthly price chart of TATA MOTORS.

266 around area is seen a good support level in the above price chart.

Watch clear price action buy signal on daily time frame at around 266 area to get a strong up move ahead.

Stay connected for further updates.

 

VEDANTA LTD :

Key level breakdown is observed in the above chart of VEDANTA.

One has to see a upward pullback at around 272 area to get sell signal.

Selling signals has to be observed on 1 H or 4 H or daily time frame if price pulls up at around 272 area.

Stay connected for further updates.

 

NATURAL GAS :

We have already booked the target for Natural Gas . Click here.

Those not long can see the downward pullback at around  2.850 and watch buying signals on 1 H, 4H or daily time frame.

We are bullish till price lies above 2.780

Also there is no resistance seen before 3.625

But always remember to follow the risk and reward rule while booking the target.

 

LEAD :

As per the above price chart of LEAD aggressive bullish trend is seen in it.

Price has came up above the multiple key location.

Watch downside pullback till around 2400 area and watch buying signals on 1 H , 4 H or daily time frame to get long.

No resistance is seen before 2600 area.

Trade set up – 16th 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 LTD :

We got bearish rejection at key resistance in the above price chart of RELIANCE INDUSTRIES as shown above on 15th May 2018.

Short positions can be created anywhere below 1002 .

Assuming 1002 as a stop loss we can create sell positions anywhere as long as the price stays

below 1002.

But remember this pin bar is a counter trade pin bar.

Around 954 would be the target area or stop loss trailing would be preferred in this case or exit should be taken at 1:1 risk reward rule.

Weekly Trade Setups – 14th May to 18th 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

 

BANK NIFTY: 

We will wait for the downside pullback till 25450 area which is a flip support.

Find clear buying signals after a downward pullback at around 25450 area to get long in it.

 

RELIANCE INFRASTRUCTURE:

Clear side way structure is identified in the price chart of RELIANCE INFRASTUCTURE as shown above.

Find clear buying signals at around 407 area to get long in it.

 

SUN PHARMA :

Key support breakdown is clearly seen in the above price chart of SUN PHARMA.

Wait for the upside pullback at around 493 area and find price action sell signals to get short in it.

 

JUBILANT FOOD :

Aggressive uptrend is observed in the above price chart of JUBILANT FOODWORKS.

Find clear price action buying signals at a support zone in between 2428 to 2320 area.

 

POWER GRID :

We are interested to find price action buy signals at around 204 area this week.

 

GOLD :

Those not long in GOLD can observe a downward pullback and find buying signals on any weakness till 1300 area.

 

SILVER :

We are interested to find clear buying signals at around 16.134 area which is a key support zone for SILVER as seen in the above price chart.

 

ZINC :

Multiple inside bar is clearly observed in the above price chart of ZINC.

This situation can be traded any side whichever breakout occurs.

If 3118 breaks we will go long in it with a stop loss of 3046.

Or else if 3046 breaks then we will go short with a stop loss of  3118 .

 

NICKEL :

Narrow range is clearly observed in the above price chart of NICKEL as shown.

We would prefer to enter in a upside breakout  at around 14196 area with a stop loss of 13771

We can expect the target of 16500 in coming weeks.

 

LEAD :

Clear price action buy signals can be observed after a downside pullback at around 2246 area.

 

EURUSD :

This week we have a mindset to observe a upside pullback till the flip resistance zone 1.2151 – 1.2214 area .

We will observe selling signals at 1.2151 – 1.2214 area to go aggressive  short in it.

 

GBPUSD :

Clear price action selling signals has to be watched this week at resistance zone in between 1.3715 – 1.3964 area.

Weekly Trade Setups – 7th May to 11th 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

 

TECH MAHINDRA LTD :

We located the flip support area for TECH MAHINDRA in our previous post . CLICK HERE.

We got bullish piercing signal at the expected flip support location of around 645 area.

Those taken a blind entry can remain in the trade for the target of around 725 or else stop loss trailing would be preferred.

Fresh long entry can be taken anywhere above 640 area.

Assuming 640 as a stop loss TECH MAHINDRA can be traded longside for the target of around 725 area.

 

YES BANK : 

We will observe the downward pullback till 330 area.

If we get clear price action buy signal at 330 area we will go ling in it.

Stay connected for further updates.

 

NIFTY : 

Recently NIFTY has broken the resistance towards upside as seen in the above price chart.

We will observe a downward pullback till 10485 area and a clear price action buy signal at 10485 area to go long in it.

Stay connected for further updates.

 

GOLD : 

We can see the clear side way ranging structure created in the above price chart of GOLD.

Price is arrived at equal low area also we got a inside bar signal at support on 2nd May 2018.

Long positions can be created anywhere above 1301 area.

Assuming the stop loss of 1301 GOLD can be traded long side and long positions can be created at around 1315 area.

We can expect twice target of the risk.

 

ZINC : 

Above is the weekly chart of ZINC.

Weekly key reversal area is clearly seen in the above chart at around 2975 area.

We have to see a clear price action buy signal at around 2975 area to go long in it.

stay connected in it for further updates.

 

ALUMINIUM :

Observe a downward pullback till 2225 area and watch price action buy signal to get long in ALUMINIUM.

 

NICKEL :

Inside bar is identified in the above chart of NICKEL.

The above inside bar found can be traded in either direction as shown in the above price chart.

We can trade either way breakout of 3rd May’s candle high or low.

If 14196 gets triggered we can prefer long entry with a stop loss of 13770.

Or else if 13770 triggers we can prefer short entry with a stop loss of 14196 .

 

EURINR :

If we get clear price action buy signal at around 1.1918 we can participate in long entry.

Another scenario , if price pulls upward till 1.2216 area and we get a clear price action sell signal we can prefer short entry.

Stay connected for next updates.

 

GBPINR :

Clear price action buy signal should be observed at 1.3455 area to create long position.

Or else observe a clear price action sell signal after a upside pullback till 1.3961 area to create short entry.

We will update as it arrives. Stay connected.

Trade set up – 1st 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

 

Natural Gas :

We posted in our previous post that it would be a right time to trade in NATURAL GAS. Click Here.

We can buy Natural Gas at 2.760 with a tight stop loss of 2.720.

As resistance area in not seen before 3.200 , we can consider it as a target area.