Weekly Trade Setups – 20th May to 24th May 2019

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

XAGUSD :

Trend – Bearish

It is clearly seen in the above price chart , SILVER has closed below the multiple hadse wala area and opened the doors to move down.

Wait and watch clear selling signals if we get a upside pullback starting from 14.571 to 14.989 area.

14.571 to 14.989 seems to be strong flip resistance area to observe selling signals to board downward bearish rally,

Stay connected we will post if any potential signals arrives at the above mentioned boarding point.

 

XAUUSD :

Trend – Neutral

1268 $ area seems to be potential area to take judgement for GOLD as shown in the above price chart.

We will have long views strictly if we get long bullish rejection at around 1268 $ area.

Time to stay away and observe price behavior at 1268 $ area to take further trading decisions.

Stay connected for further updates on GOLD.

 

Natural Gas :

Trend – Mild Uptrend

We can clearly observe price has started making higher lows as shown above.

Around 2.625 area is seen as a flip support area.

We have buying views from 2.625 area for the target of 2.724 area

Buying signals can be observed on 4 H or Daily time frame at around 2,625 area for the upcoming target of around 2.724 area.

Also we have strong selling views at  its strong resistance area located at 2.724 area as per the long term downtrend view.

Any selling signal formed at around 2.724 area on 4H or Daily time frame would be an selling opportunity.

Stay updated for next post on Natural Gas.

 

CRUDE OIL :

Trend – Long term Uptrend – Short term downtrend

We found a strong bearish rejection on 13th May as shown above in the price chart of CRUDE OIL

We traded this bearish pin bar downside as price was rejected heavily to open the downward path.

Now we can see price is nearer to stop loss but still price has not closed above the bearish pin bar.

Still we expect price may fall aggressive for CRUDE OIL till price lies below 63.50 $

Stay updated for next updates on CRUDE OIL.

 

LEAD :

Trend – Aggressive downtrend

We can see clearly price has closed below the multiple affected zone.

We have strong selling views after a short upside pullback till its flip resistance area located at around 1892 area.

Action – Any bearish rejection found on 4H or daily time frame at around 1892 area might be a strong selling opportunity to board bearish rally.

Stay updated for next post on LEAD.

 

ZINC :

Trend – Downtrend

We are eager to see a healthy upside pullback till starting from 2684 to 2722 area , which now becomes flip resistance area to find potential selling signals on daily time frame,

Waiting till flip resistance if price pulls up till around 2684 to 2722 area would be a good idea for ZINC.

Stay connected for next post on ZINC.

 

NICKEL :

Trend – Downtrend

We have strong selling views for NICKEL from price strength starting from 12110- 12511 – 12811 area.

12511 area seems to be a good 50 per cent healthy upside pullback to catch a bearish rally for NICKEL.

Clear selling signals on daily time frame can be observed at around 12110 or 12511 or 12811 area.

Better to work on clear signals in NICKEL at the above mentioned flip resistance areas.

 

NIFTY :

Trend – Short term down

Multiple inside bar is seen in Nifty at its flip resistance area on 14th , 15th and 16th May.

Nifty exactly bounced up from its flip support area of 11115.

As shown in the above chart of NIFTY multiple affected i.e hadse wala area is seen ahead at around 11565 area.

If we get bearish symptoms at around 11565 area then we are in a mind set to short sell Nifty aggressively.

Clear selling signals has to be observed at affected zone of around 11565 area.

Stay updated for next post on NIFTY.

 

AUROBINDO PHARMA :

Trend – Aggressive downtrend

Closed strongly below dhoondo dhoondo hadse wala area of around 698 area.

Also ruptured the long term side way structure downside as shown in the above price chart.

This downside ruptured opened the new targets for price at around 528 area.

We are now eager to see bearish rejection at around 698 area to board into bearish rally downside.

Stay connected for next updates on Aurobindo Pharma.

 

Tata Motors Ltd :

Trend – Downtrend

Closed below the affected zone of 200 area.

Now we are eager to see the upside pullback till 200 area.

We hope to get bearish rejection at around 200 area to get in line into the downward move.

Stay connected for next updates on Tata Motors.

 

YES BANK :

Trend – Aggressive downtrend

Price closed below the strong support area of around 162.

We area in a mind set to see a upside pullback till 162 area and if we get selling signals at 162 area then we have a aggressive short selling view as per the price action created in the above chart of Yes Bank .

We will update on Yes Bank.

 

GBPUSD :

Trend – Downtrend

Any upside pullback starting from 1.2871 to 1.2986 area would be a short selling opportunity if we get bearish rejections.

Stay connected for further updates on GBPUSD.

Weekly Trade Setups – 10th Sept to 14th Sept 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

 

LEAD : 

Price is below the key support area below 2078.

We were eager to find price action sell signal at around

2078 which is a strong resistance area

Price has failed to close above 2078 which indicates sellers are more aggressive at resistance level of 2078.

This situation can be traded short side with a stop loss of 2093 for the target of 1925 area.

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.

Updates for 24th July 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]

 

USDJPY : 

We got bullish rejection at the flip support zone for USDJPY as shown above.

Quality of pin bar is not exactly ideal. It seems a medium quality bullish rejection.

Still aggressive traders can take a chance to trade it longside.

USDJPY can be traded long at any price when market opens with a stop loss of 110.74 for the target of 113.00

Remember any close below 110.74 will change our buying views.

We stay bullish as long as the price lies above 110.74 area

 

CRUDE OIL :

We find a strong support area for CRUDE OIL at 63.67 $ area.

We found strong bearish rejection at short term resistance at around 68.80 $ area as shown in the above price chart.

It will be a

counter trade If we trade this bearish rejection found on 23rd July 2018 towards downside.

Aggressive traders can take a chance to trade this bearish rejection rejection downside.

Ideally for MCX CRUDE OIL aggressive traders can go short at 4730 with a Stop Loss of 4790 for the target of 4400 area in coming days.

Also we have strong buying views from 4300 area as it is a strong support area to buy in line with the trend if we get clear price action buy signal.

Weekly Trade Setups – 23rd July to 27th July 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 :

In the above price chart of YES BANK it is clearly observed that price has closed above the key resistance of 367 area.

Also on 13th July 367 was tested and price exactly pushed up from 367 which was a flip support area.

This week we are again planning to watch any downside pullback till 367 area to ride withe the bullish trend above.

This week we area planning to observe clear price action buying signals at flip support location of around 367 area to ride with the bullish trend.

Stay connected for next updates on Yes Bank.

 

USDJPY :

We already mentioned in our previous post that we are interested to watch buying signals after a downside pullback till around 110.90 area.

We can clearly see in the price chart above that price is pulling down as per expectation.

Flip support area of around 110.90 is very close .

We are eagerly waiting for price action buy signal at the desired location of 110.90 area to ride the bull rally.

Remember any close below 110.90 area will nullify our buying views for USDJPY.

 

GOLD :

We have seen a good bearish stroke in GOLD after it closed below the multiple affected location of 1302 area.

Also we have seen a side way structure breakdown and then after price respected the flip resistance of 1302 area and came down aggressively creating a small bearish pin at 1302 area .

we have mentioned this in our previous post for GOLD.

Now this week we area interested to watch an upside pullback till 1262 area to get line with the bearish trend .

This week we plan to observe clear price action sell signals at flip resistance location of around 1262 area.

Stay connected for updates for GOLD.

 

SILVER :

Clear short term downtrend can be seen in the above price chart of SILVER .

It is making the series of lower lows and lower highs.

Also price lies below the multiple affected zone as we can clearly see in the above chart.

Here also we identified the side way structure break down as shown above.

Any upside pullback till around 15800 to 16140 would be an selling opportunity but only after getting a price action sell signal in between the selling zone as shown above.

We will update as the potential signal arrives . Stay connected.

 

CRUDE OIL :

 

Click here  to see the previous post on CRUDE OIL .

As mentioned crude oil exactly bounced up from the mentioned flip support zone of around 69.45  to 67 $ area.

If price rotates down till around 67 $ to 63.67 $ area would be an buying opportunity for crude oil.

Any price action buy signals found at 67 $ to 63.67 $ area would be an buying opportunity to ride with an upside rally.

 

NATURAL GAS :

This week we area planning to watch upside pullback till around 2.840 area to join the bearish rally downside till 2.565 area as shown above.

Stay connected for next update on NATURAL GAS.

 

ZINC :

Above is the weekly price chart of ZINC .

We can clearly see that price is arriving at multiple hadse wala area located at 2430 area.

Ideally we should get bullish pin bar on daily time frame at the multiple affected zone at around 2430 area.

Two scenarios for ZINC is as follows .

If price pulls up till 2966 area and if we get sell signal , we will aggressively participate in it to get down with it till 2430 area.

Or else if price touches 2430 area and we get bullish rejection forming a bullish pin bar , then we will again aggressively participate with it as it is a multiple hadse wala area.

Remember any close below 2430 area will nullify our buying views at 2430 area.

Stay connected we will update accordingly.

 

LEAD :

Any upside pullback till around 2247 area would be a strong selling opportunity in LEAD as shown above.

2247 around area would play a role of flip resistance if we get bearish rejection forming a bearish pin bar .

This week we will plan to wait and watch if price pulls up till around 2247 area and if we get sell signal , then we would be aggressively bearish to come down till 2044 area.

Stay connected we will update on LEAD.

 

COPPER :

Price close below the key support area of 6531 as shown in the above price chart of COPPER.

We are eager to board this bearish trend at around 6531 around area which is a strong flip resistance area as shown above.

Stay connected for further updates on COPPER.

 

NICKEL :

CLICK HERE  to see the previous post on NICKEL

12832 around area is seen strong key reversal area to get a bullish stroke as shown above .

We will wait till around 12832 area and watch clear buying signals on daily time frame to get bullish for NICKEL.

Stay updated for further updates for NICKEL.

 

ALUMINIUM :

After a long time ALUMINIUM is arriving to a multiple affected zone till around 1987 area.

We can expect a bullish stroke upside from 1987 area as it is a multiple hadse wala area.

Exactly from the same location of 1987 Aluminium created a bullish hadsa history on 5th April 2018.

Without getting panic we will first observe bullish symptoms with the help of bullish pin bar on any time frame of 1H , 4 H or Daily time frame.

We are going to trade aggressive in ALUMINIUM only if we get bullish pin bar on any time frame starting from one hour , four hour or daily time frame.

Remember any close below 1987 will nullify our buying views in it.

Stay connected we will update

on this.

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 – 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.

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.

Projected Location To Trade LEAD

Price shows aggressive uptrend in LEAD. We have to observe the recent support areas carefully. All the recent short term support areas are shown in the chart below.

Ideally to catch a bullish rally we have to observe buying signals at recent support of 148 to 145 area to participate in the bullish momentum.

Stay connected for further updates for LEAD.

 

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone