Weekly Trade Setups – 27th August to 31st Aug 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 :

we has to observe clear price action buy signal in between the zone 368 to 356 area.

will update if any signal arrives.

 

CADILA HEALTHCARE LTD :

Clear side way structure is seen in the above price chart.

Wait till 419 area and watch price action sell signal.

will update.

 

GRASIM INDUSTRIES LTD :

Above is the monthly time frame for GRASIM INDUSTRIES LTD .

We can trade this bullish pin bar upwards at around 960 with a stop loss of 914 for the target of 1295 area.

 

GBPUSD :

We stay bearish for GBPUSD.

We will observe price action sell signals at around 1.3053 area till 1.3480 area.

will update.

 

EURUSD :

We will observe price action sell signals at around 1.1854 area.

will update.

 

ZINC :

Clear price action sell signals has to be observed at around 2675 area.

will update accordingly.

 

LEAD :

Clear price action sell signals has to be observed at around 2197 area.

will update as the signal generates.

 

NICKEL :

Above is the weekly time frame for NICKEL.

Using weekly time frame NICKEL can be traded bullish using the stop loss of 12770.

But as the stop loss is so big wait for the downward pullback on daily time frame and watch clear buy signals in order to reduce the stop loss on weekly time frame.

 

NATURAL GAS :

Clear price action buy signals has to be watched at around 2.891 area to participate long.

Or else if price closes below 2.891 area we will change our buying views.

will update.

 

SILVER :

Price is retracing towards up which is a good sign for us to get a selling opportunity.

We will watch clear price action buy signals at flip resistance starting from 15.181 till 15.692 area.

Will update.

 

GOLD :

Wait for the price action sell signal till flip resistance of around 1237 area.

Will update.

Weekly Trade Setups – 20th August to 24th Aug 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

 

AUROBINDO PHARMA :

Confirm Price action buy signal has to be observed at 637 area which is a strong flip support area.

We can expect a bull rally till 703 area only if we get a confirm price action signal at flip support area of  around 637

Stay connected for further updates.

 

SUN PHARMA INDUSTRIES :

590 area is seen as a strong flip area to get price action buy signal to board the aggressive uptrend ahead.

we can expect 655 as a target area for this bull rally only if we get clear price action buy signal at flip support area of around 590

Stay connected for further updates.

 

YES BANK :

Price has exactly bounced from the flip support area of around 369 as we have mentioned in our earlier post for YES BANK . Click here to see the previous post on YES BANK.

Any downward rotation till 369 area would be an buying opportunity only if we find clear price action signal on 4 H or daily time frame.

Stay connected for further updates.

 

TATA STEEL :

Click here to see the previous post on TATA STEEL.

We already got a bullish rejection on daily time frame as we have mentioned earlier.

Also we got a bullish pin bar in daily time frame as we can see it clearly in the above price chart of TATA STEEL.

We can trade this pin bar for the bullish movement ahead but the stop loss for this trade would be at next support area located at around 539 area.

We remain bullish as long as the price remains above 539 area.

Stay connected for further updates on TATA STEEL.

 

XAGUSD :

Around 15.176 is seen a good flip resistance area to get clear price action sell signal to rejoin the bearish rally for SILVER.

Stay connected for further updates on SILVER.

 

XAUUSD :

Around 1211 might be a strong flip resistance area to get clear price action sell signals to participate in

the downward bearish move .

 

CRUDE OIL :

CRUDE OIL seems to be arrived at strong support area as we have mentioned in our previous post. Click Here.

It has exactly bounced from its strong support area as we mentioned earlier.

We have to observe clear price action buy signals at around 63.66 $ area to board in the bullish move ahead.

Stay connected for further updates on CRUDE OIL.

 

NATURAL GAS :

We expect a bull run in NATURAL GAS till 3.050 area.

We can buy NATURAL GAS only if we observe a price rejection buy signal on 1 H or 4 H or daily time frame at around 2.891 area

 

LEAD :

2247 area is seen a strong flip resistance area to get clear price action sell signal.

If we get sell signals before 2247 i,e at around 2075 still we will consider it as a selling opportunity because 2075 area is also a short term flip resistance area to observe sell signals.

Stay connected for further updates on LEAD.

 

COPPER :

Around 6063 area is seen as a strong flip resistance area to observe clear price action sell signals on daily and 4 Hour time frame.

We will wait till 6063 area and watch how price folds at around 6063 area.

Stay connected for further updates on COPPER.

 

NICKEL :

Above is the weekly price chart of NICKEL.

We got a bullish rejection at multiple affected event area as shown in the above weekly price chart of NICKEL.

We will observe clear price action signal on daily time frame at around 12885 around area to swing with the bull rally ahead.

Stay connected for further updates on NICKEL.

 

ZINC :

Around 2516 area would be a strong flip resistance area to observe clear price action sell signals on 4 Hour or daily time frame.

Stay updated for further updates on ZINC.

Weekly Trade Setups – 13th August to 17th Aug 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

 

GBPUSD :

GBPUSD has broken the support and closed aggressively downside.

Wait for the upside pullback till around 1.2960 area to board this aggressive downtrend downside.

Clear price action selling signals has to be observed if price pulls up around 1.2960 area on daily or 4 hour time frame.

Stay connected we will post next updates on GBPUSD.

 

EURUSD :

EURUSD has closed down below multiple hadse wala area as shown in the above price chart of EURUSD.

Any strength till around 1.1530 area would be a strong selling opportunity if price action selling signal is observed at flip resistance of 1.1530 area

Stay connected we will u post next updates on EURUSD.

 

AUROBINDO PHARMA :

AUROBINDO PHARMA worked as we expected. Please CLICK HERE for previous post on AUROBINDO PHARMA.

Trailing stop loss would be used for exit in such cases i.e previous high.

Or else early exit would be preferred in twice reward ratio.

We will update next updates on AUROBINDO PHARMA shortly.

 

SUN PHARMA :

SUN PHARMA also worked good as we expected. Please CLICK HERE for previous post on SUN PHARMA.

Now this week we plan to wait till 531 area and watch price action buy signals at the key reversal location around 531 area to get buying opportunity.

We will update as potential signal arrives.

 

YES BANK :

Multiple affected location is clearly seen in the above price chart of YES BANK at around 369 area .

To trade in a line of uptrend we will observe clear price action rejected buying signal at around 369 area if price pulls down.

Also bearish pin bar formed on Friday 10th Aug on daily time frame is a counter trend pin.

Only aggressive traders can trade the counter trade bearish pin bar on downside , but by strictly following the previous days high as a stop loss i. e trailing method.

Stay connected we will post next updates on YES BANK.

 

TATA STEEL :

Above is the monthly price chart of TATA STEEL.

We got a bullish rejection as shown above in monthly chart.

But we always take decisions on daily time frame.

Now we are planning to observe price action buy signal on daily time frame till around 538 area.

Stay connected we will update if any potential signal arrives.

 

XAGUSD :

We can clearly observe the congestion in the above price chart of SILVER since from last couple of weeks.

Price lies below the multiple affected zone observed in the above chart.

We area waiting for a healthy pullback upside till around 15.760 to 16.215 area to get in line with the downtrend.

Ideally price action sell signals should be observed in between the flip resistance zone of 15.760 to 16.215

Stay connected for next updates on SILVER.

 

XAUUSD :

Same situation is found in the

GOLD as in the SILVER.

Last week we found congestion in the daily chart of GOLD.

We are eager to observe a upside pullback till around 1238 to 1265 area to get in line with the downtrend.

Price action sell signals has to be observed after a upside pullback till around 1238 to 1265  area to get short sell opportunity.

Stay connected for further updates.

 

ZINC :

Bearish pin bar formed on 9th August 2018 worked fine and we found price was aggressively coming down on Friday.

Also Bearish rejection was found at flip resistance area in line with the downtrend.

Any upside strength till bearish pin’s high i.e 2673 area on 1 Hour and 4 hour time frame might be a selling opportunity for those who missed the selling opportunity.

We stay bearish till price lies below bearish pin bars high of 2673 area.

 

NICKEL :

Two possibility can be seen in the price chart of NICKEL.

Either we get clear price action sell signal at around 14112 we will participate in short selling for the target of 12827 area.

Or else if we get clear price action buy signal at around 12827 area then we will aggressively participate in long opportunity.

Stay connected for further updates on NICKEL.

 

LEAD :

we are eagerly waiting for a upside pullback till around 2248 area which is a flip resistance area to find for price action sell signal.

Any upside strength till 2248 area might be a short selling opportunity.

This week we plan to observe selling signal at around 2248 area to trade in line with the downtrend.

 

NATURAL GAS :

We can clearly observe in the above price chart of NATURAL GAS that price is bounced up after getting a strong bullish engulfing signal.

This week we plan to observe a downside pullback till around 2.832 area which is a flip support area and it has been already tested on 6th August and price went up.

Wait for a downside pullback till around 2.832 area and find buying signals on daily or 4 Hour time frame .

Stay connected for further updates on NATURAL GAS.

 

CRUDE OIL :

CLICK HERE to see previous post on CRUDE OIL.

Price is arrived in the projected buying zone of 67 to 63.66 $ area.

Now this week we will carefully observe clear price action buying signal on daily time frame in between the arrived zone of 67 to 63.66 $

Stay connected for further updates on CRUDE OIL.

Weekly Trade Setups – 7th August to 10th Aug 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 : 

According to the view of price action for SUN PHARMA , it is observed that price tested the key resistance of 594 and closed below it.

We can clearly see that around 594 area is a key resistance zone which is already affected many times as seen in the price chart above.

Generally we don’t counter trade but in this case we can take a chance to trade short side because of key resistance zone.

Ideally in such case for more confirmation bearish rejection has to be observed clearly in 1 H , 4 H or daily time frame before making short decisions.

Also in this case 530 area seems to be a good flip support area to trade upside in a line of trend.

 

AUROBINDO PHARMA :

Looking closely to the daily price chart of AUROBINDO PHARMA it looks like side way structure .

Also multiple hadse wala key resistance lies in between 637 to 652 area.

Ideally we should get a clear price action sell signal in between 637 to 652 area to grab selling opportunity because of its side way structure .

Observe clear bearish rejection in 1 H , 4 H or Daily time frame in between 637 to 652 area.

Remember if price closes above 652 area our selling views will be nullified.

 

ASHOK LEYLAND :

Price seems to be an aggressive downtrend in ASHOK LEYLAND as seen in the above daily chart making the series of lower lows and lower highs.

It has been retraced to its flip resistance level.

Ideally to get an opportunity we should get bearish rejection with the help of bearish pin bar at 124 area.

We stay for bearish for ASHOK LEYLAND  till the price lies below its 100 per cent pullback level of 137 area.

Ideally observe price action selling signals in between 124 to 137 area to board the bearish rally downside.