Weekly Trade Setups – 25th June to 29th 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

SBI :

We were eager to see price action buy signal in SBI.  Click Here . 

We got piercing buy signal on Friday 22nd June .

But remember support level is located at around 260 area.

Only aggressive  traders can go long in the above bullish piercing set up formed in SBI as shown above.

Conservative traders can wait till 260 area if price pulls till 260 area.

We remain bullish as long as the price lies above 260 area.

 

EURUSD :

We can clearly see price failed to push higher on 14th June 2018.

Now we are planning to find sell signal on a upside pullback till 1.1846 area.

Selling signals

has to be observed on 1 H , 4 H or daily time frame till 1.1846 area to get short opportunity.

Stay connected . we will update next updates for EURUSD as the signal arrives.

 

GBPUSD

We are more interested to find price action sell signal ideally on 1 H , 4 H or daily time frame during a upside pullback till 1.3740 area as shown in the above price chart of GBPUSD.

Stay connected we will update as the signal arrives.

 

USDJPY  :

This week we are interested to observe clear buying signals at the key support area of around 108 as shown in the above price chart of USDJPY to get long in the line of uptrend.

We will update if any potential signal arrives.

 

SILVER :

Clear sideway structure making equal high and equal low is observed in the price chart of SILVER as shown above.

Also we got a small bullish pin bar on Thursday 21st June 2018 at key support location as shown in the above price chart.

As it is a multiple affected location we can trade this small pin for long entry.

Those not already long can find a small downside pullback on one hour time frame to get long with the bullish momentum ahead till 16.834 area

 

GOLD :

We have already participated in the recent winning trade for GOLD.

We still expect more bearish movement for GOLD.

This week we are more interested to see a upside pullback till around 1300 area and we will find price action sell signals on 1 H , 4 H or daily time frame to get short opportunity till 1235 area.

Stay connected we will update as the signal arrives.

 

ZINC :

Above is the weekly price chart of ZINC.

Key level breakdown is observed in the weekly chart of ZINC as shown above.

Now we will set our bearish views for ZINC.

We will observe a small upside pullback till around 3062 area this week.

Price action Selling signals has to be observed on 1 H , 4 H or daily time frame during the upside pullback till around 3062 area.

Stay connected we will update if any potential signal arrives.

 

NICKEL :

We can clearly see in the above price chart of NICKEL , it is going up after the formation of inside bar on 20th June 2018.

Click here  to see the previous post for NICKEL.

Those not got long on the inside bar breakout can observe buying signals after a downside pullback on 1 Hour time frame to get long till price lies above 14400 area.

 

COPPER :

Price has driven downside by forming a bearish pin bar at the key resistance on 7th June 2018.

Copper has compressed down more than the expectation.

We will watch for the upside pullback till around 7065 area and find selling signals or else if we get clear buying signals at the key support location of around 6535 then we will be interested to go aggressive long in it.

Stay connected for further updates for COPPER.

 

CRUDE OIL :

Above is the Indian MCX chart of CRUDE OIL.

Crude oil exactly exploded upside after getting a small bullish pin on Thursday 21st June 2018.

CRUDE bounced 190 points in a single day on Friday 22nd June 2018.

This week if price pulls back to 4555 – 4525 area and we get bullish pin bar on 1 Hour time frame we will go aggressive bullish for the target of around 4900 .

 

NATURAL GAS :

 

We have already participated in bull rally many times in past couple of months which worked successfully.

We have price action buying views for Natural Gas.

This week we will wait till 192 area for price action buy signal to get long opportunity in it.

We will update if potential signal arrives in it.

Stay connected for further updates in it.

Weekly Trade Setups – 18th June to 22nd 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

 

SUN PHARMA :

After a long period we observed a bullish momentum for SUN PHARMA as shown in the above price chart.

We can expect price can touch till 600 area .

We will observe a downside pullback till 539 which becomes a flip support area to observe buying signals.

This week we have a plan to observe clear buying signals at a flip support area of around 539 to connect with the bullish move ahead till around 600 area.

Stay connected for further updates.

 

Dr Reddy Labs :

Bullish stroke can be clearly seen in the price chart of Dr Reddy Lab as shown above.

This week we will closely observe a downside pullback till around 2150 area to get in line with the bullish move ahead till around 2610 area.

We will keep patience to observe a downward pullback till around 2150 which would be a 50 per cent healthy pullback to get in line with the uptrend.

We will update as the situation creates.

 

STATE BANK OF INDIA :

We can clearly observe that SBI has started a bullish trend which can be clearly seen in the price chart of SBI above.

Now its our turn to get in line with the uptrend after getting the proper trade setup.

Near term flip support is seen at around 273 area and the key support is located at around 261 area according to the price action observation in the above price chart of SBI.

If we get obvious price action signal at around 273 we will start riding with the bullish trend and if we don’t see any bullish symptom at around 273 then we will wait till key support area at around 261 to find buying opportunity.

Stay connected for future updates on SBI.

 

SAIL :

According to the price action reading clear bullish direction is observed in the above price chart of SAIL.

This week we are planning to participate in this bullish move after getting a clear price action buy signal at flip support area of around 81 to 79 area.

This week have a patience to watch buy signals at the desired location of 81 to 79 area after a small downward pullback.

Stay connected for further updates.

 

LUPIN :

Sudden bullish explosion in LUPIN is observed last week without any prior price action indications as shown in the above price chart of LUPIN.

We can expect aggressive momentum till around 970 area ahead.

To catch this bullish move we have to plan like a tiger and watch if we get the opportunity.

As per price action if  LUPIN pulls down around 847 to 832 area and if we get buying signal on 1 H , 4 H or Daily time frame , then it would be a strong buying opportunity.

Also the area between 847 to 832 is a 50 per cent pullback area to catch it from the origin for next bullish explosion.

Finally clear buying signals has to be observed on 1 H , 4 H or Daily time frame to catch the bullish move ahead till around 970 area.

Stay connected for further updates.

 

GOLD :

We already posted a view on GOLD in our previous post. CLICK HERE.

We were expecting a strong move down in GOLD as we are posting from last few weeks.

Finally we have seen a aggressive down move on Friday 15th June 2018 after forming a small pin bar on 14th June 2018.

Those not short in GOLD can go short on observing sell signals on 1H or 4H time frame after a small upside pullback.

We can expect this downward move till around 1235 area.

 

SILVER :

Just zoom in and see the side way price structure created in SILVER as shown above.

Price came down from from key resistance of 17.320

Our line of action should be , watch any upside pullback till around 17.320 and watch sell signals on 1H , 4H or daily time frame to get in line with the bearish move down till around its equal low area of 16.065

 

LEAD :

Lead is arrived at a 50 per cent pullback area as seen in the above price chart.

Also it is on the flip support location of 2404 area.

But still we did not got any bullish symptoms at the desired area of 2404 which we can consider a reversal area.

Nothing has to be done except the observation at this arrived location of 2404.

Lets watch how price folds next to take the further trading decision in it.

Stay connected for further updates.

 

ZINC :

We have observed an aggressive downward fall on Friday 15th June 2018.

Price may rotate again till its key support area and further undergo a test at 2975 area.

But before the arrival of 2975 , if we get clear buy signal on daily time frame we are going to participate aggressively in the bullish move.

Stay connected for further updates.

 

CRUDE OIL :

As seen in the price chart above of CRUDE OIL , 64.16 $ is the support area to get price action buy signal on 4 H or daily time frame.

CRUDE OIL is already arrived at the desired location of 64.16 $ on Friday 15th June 2018.

If price closes below 64 $ then we will nullify our buying views and will observe what price structure develops then-after.

Lets wait and watch how price folds here in next couple of days.

Stay connected for further report on CRUDE OIL.

Weekly Trade Setups – 11th June to 15th 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

 

BANK NIFTY :

We have already posted price action view on Bank Nifty last week.  Click Here.

Also for fresh new opportunity in Bank Nifty we will observe closely buying signals at recent support area down till 25550 area.

We will update next new entry for Bank Nifty if signal arrives.

Stay Connected.

 

TECH MAHINDRA :

We can see clearly price rejection at key resistance area for TECH MAHINDRA as shown in the above price chart.

Generally we don’t trade counter trend .

Aggressive traders can go short if selling signals are seen on smaller time frames like 15 min , 30 min , 1 H or 4 H time frames.

Short entry can be taken by only aggressive traders following the strict stop loss of 723 for the target of around 686 area which is a short term support.

Next long opportunity can be observed at key support area of around 642 .

We have previously participated in a bullish rally  from key support area of 642 .

 

COPPER :

We have observed aggressive bullish explosion in copper after forming a bullish pin bar on 30th May 2018 which we ignored because of the previous consolidation.

To board in the bullish momentum in COPPER we have to wait for a downside pullback till around 7059 – 7109 area.

Any buying signals found in the area in between 7059 – 71909 on 1 H , 4 H or daily time frame would be a strong opportunity to go long in it.

Well Aggressive traders can also prefer short selling opportunity in copper because of the bearish pin bar found at key resistance area.

Only Aggressive traders can trade this counter trade bearish pin bar created on 7th June at key resistance . Stop loss for this short selling trade should be strictly 7350 for the target of around 7109.

 

LEAD :

Aggressive bullish trend is observed in the price chart of LEAD as shown above.

We will wait for a Small downside pullback till the key level of around 2417 – 2400 area.

Any buying signal seen on 1 H , 4 H or Daily time frame at around 2417 – 2400 might be a strong opportunity to get long in LEAD.

We will update the next status for LEAD. Stay Connected.

 

ZINC :

Zinc seems to be in a starting mode of Aggressive bullish trend ahead as shown in the price chart above.

Any downside pullback till around 3058 area might be an strong opportunity to go long in it on getting clear buying signals on 1 H , 4H or daily time frame.

We can plan a long entry in ZINC as long as the price lies above 3058 area. Any downside rotation of price might be an buying opportunity for Zinc.

 

NICKEL :

Key location for NICKEL is seen at 14415 area as seen in the price chart above.

we will wait till 14415 area and watch clear buying signals to get long in NICKEL.

 

SILVER :

An interesting price structure has been created in the above price chart of SILVER.

Since long SILVER is moving in a side way trend as seen in above chart.

We got bearish rejection forming a shooting star at equal high area on 7th June 2018.

We can trade the shooting star created on 7th June downside as it is on the desired location of side way structure.

Silver can be traded short side anywhere when market opens on Monday following the strict stop loss of 16.901

 

GOLD :

We have already posted price action view for GOLD in our previous post. Click Here.

This week we will closely observe clear selling signals to get short in GOLD on daily or 4 hour time frame.

We will update as it arrives. Stay connected.

 

NATURAL GAS : 

We have already participated in three bullish rallies in Natural Gas.

We will watch clear  buying signals at around 2.839 to 2.780 area which is a strong support zone to get buying signals.

We will update it as it develops. Stay connected.

Weekly Trade Setups – 4th June to 8th 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

 

BANK NIFTY : 

We can clearly see the Bearish Harami signal formed in Bank Nifty in the above price chart shown.

Also we can consider it as a Inside bar formed in the trending move.

We can trade a either way breakout for bank nifty.

We can go short if 26335 triggers with a stop loss of today’s high price or else we can go long if 27060 triggers with a stop loss of todays low price.

 

GOLD :

We can clearly see key level breakdown structure in the above price chart of GOLD.

We have already posted in our last post an=bout GOLD  . Click Here .

We can see price is coming down exactly from its flip resistance area as shown in the price chart above.

But remember the resistance zone for GOLD lies in between 1305 to 1325 area.

This week we area planning to see sell signals on any time frame like 1 H , 4 H or Daily time frame if price pulls up till 1305 to 1325 area.

We are expected to see a good downfall for GOLD till 1235 area in coming days which will be our target area.

 

USDJPY :

 

We can clearly see the inside bar breakout structure formed in the above price chart of USDJPY.

We are now very fortunate to trade this currency pair in our Indian exchange.

Observe any downside pullback on 1H , 4 H time frame and watch for buying signals till price lies above the support area of 107.80

So keeping 107.80 as a stop loss USDJPY can be traded bullish for the target of 111.50

 

EURINR :

We can see the clear price chart of EURINR as shown above.

If price again pulls down to 77.40 area we will watch buy signal on daily time frame and go aggressive long in it for the target of 79.50.

Or else if price pulls up this week till 79.50 we will watch clear selling signal on daily time frame to go short for the target of 77.40.

We will update what develops this week.

Stay connected.

 

GBPINR :

We can clearly see in the above price structure of GBPINR that it is arriving very close the multiple affected area of 88.40 area

Watch clear buying signals at around 88.40 area

We will update as the signal arrives.

Stay updated.