Weekly Trade Setups – 30th Sept to 4th Oct 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

 

NIFTY : 

Nifty closed above the multiple affected area of around 11120.

We found the aggressive bullish stroke cause of the news.

Our views towards Nifty has changed.

Now we will wait for the downside pullback till the same multiple affected area at around 11120 area and we need clear buying signal at around 11120 area to board into the bullish rally ahead.

Any close below 11120 area will nullify our buying views.

 

BANK NIFTY :

Bank Nifty exploded bullish after the news announcement as seen above.

We will observe downside pullback till around 28550 area and we need clear buying signals to participate in the bull rally ahead.

 

CRUDE OIL :

We have seen the major gap up in crude oil on 16th Sept.

This gap is almost filled up and now this gap can act as a strong flip support area at around 54 $ area,

We need clear bullish rejection at around 54 $ area to board the bullish rally above.

 

NATURAL GS :

Natural Gas closed below the hadse wala area of around 2.443 which nullifies our buying views.

Now we will wait for the upside pullback till the same area of 2.443 to 2.515 area and need selling signals for participation of bearish rally down.

 

SILVER :

We are planning to observe clear buying signals at around 16.624 to 15.930 area to get in line with the uptrend.

 

GOLD :

We area in a mind set to observe clear buying signals at around 1451 area to get in line with the uptrend.

 

COPPER :

We got bullish pin bar on 23rd Sept at key location.

But this pin bar is failed.

We will stay away and observe how price behaves here to take further decisions.

 

NICKEL :

We have found a narrow range for NICKEL which might explode in a either way.

We are interested to observe buying signals at around 16412 area to board in a bullish trend ahead.

 

ZINC :

Any downside pullback till around 2261 area would be a buying opportunity on clear buying signals and any clear selling signals found at around 2398 area would be a short selling opportunity for ZINC.

updates for 18th Sept 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

 

NIFTY :

Price is frequently falling from the multiple affected zone of 11120 area as seen in the above chart.

Any upside strength till 11120 area would be a strong selling opportunity on confirmation of selling signals on daily time frame.

We stay bearish for Nifty as long the price lies below 11120 area for Nifty.

 

 

 

ICICI Prudential Life Insurance Company Ltd :

405 area is seen as multiple affected flip support zone to observe clear buy signals on daily or 4H time frame to get in line with the long opportunity.

 

Petronet LNG Ltd :

Around 254 area is clearly seen as a multiple affected flip support zone to observe clear buying signals on daily time frame to grab long opportunity.

 

CRUDE OIL :

We found a unexpected gap up in CRUDE OIL on 16th Sept due to which we stay aside and will observe how price folds next to identify further trading opportunity.

Currently staying away from Crude Oil might be a good decision and we will wait for the next price action to form in the chart.

 

NATURAL GAS :

Aggressive bullish rally is observed in the Natural Gas as seen in the above chart. We posted in the previous updates that this might be a start of uptrend for Natural Gas.

Around 2.443 area is seen as a strong flip support area to board this aggressive bullish trend ahead.

 

SILVER :

Multiple inside bar formed in SILVER can be preferred to trade upside if it breaks up.

Or else we will wait and watch clear buying signals on daily time frame at around 17.395 area or 16.624 area.

 

GOLD :

We have a mindset to observe clear bullish signals at around 1492 area or 1451 area to get in line with the uptrend.

 

ZINC :

Around 2287 is seen as a flip support area to observe buying signals for ZINC on daily time frame.

 

NICKEL ;

We got ideal pullback for NICKEL as seen above.

Any buying signal found on daily time frame at around 16412 area would be a strong buying opportunity for NICKEL.

 

COPPER :

We found COPPER closed above the affected zone as seen above.

We will observe clear buying signals on daily time frame at around 5743 area to take long decision.

Updates for 4th September

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

 

Cadila Healthcare Ltd : 

Cadila Healthcare is moving in a bearish descending channel as shown above.

Price closed above the channel resistance indicating the bearish descending channel break.

Around 225 area is seen as a flip channel support area for retest.

 

ICICI Prudential Life Insurance Company Ltd :

Sideway range upside rupture is seen in the above ICICI Prudential Life Insurance Company Ltd price chart.

This might create a potential trading opportunity at flip support area of around 405 if we get a clear bullish rejection on daily time frame.

 

Petronet LNG Ltd :

Sideway range upside rupture is also seen in the above Petronet LNG ltd price chart.

We can keep an eye at flip support area of around 254 and watch for clear bullish rejection on daily time frame to get a buying opportunity.

 

TCS : 

Trend – Bullish

We have seen a clear false break at key resistance at around 2283 area.

Price failed to close above 2283 creating a giant false break.

Counter trade can be traded as a reason of agressive false break with a stop loss of 2297 for the target of around 2215 area.

Weekly Trade Setups – 3rd Sept to 6th Sept 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

 

NIFTY :

Trend – bearish.

11125 area is clearly seen as a multiple affected zone and price is testing around 11125 area and falling down.

We posted in our this significant area in our previous weekly updates.

Any pullback till around 11125 area would be a short selling opportunity on clear sell signal on daily time frame.

 

XAGUSD :

Trend – Bullish

Multiple inside bar is seen at the top.

For silver we need a downward pullback till around 17.395 – 16.624 – 15.930 area to catch bullish move ahead.

 

XAUUSD :

Trend – Bullish

Inside bar is seen.

We are now eager to watch a downside pullback till around 1492 – 1451 area to participate the bullish momentum ahead.

 

CRUDE OIL :

Crude Oil – Bearish

57.39 $ area is seen as a multiple affected area to watch clear selling signals on daily time frame to rejoin the bearish rally.

 

NATURAL GAS :

Trend – Bearish

Price is arrived at the radar area to watch for selling signals at around 2.327 area. We will update if any potential signals arrives.

 

COPPER :

Trend – Bearish

If we observe the price structure in weekly time frame for Copper , It is clearly seen that price lies below the affected zone and we can see bearish rejection.

So coming to daily time frame any upside pullback till around 5775 area can be a opportunity to sell.

Any upside pullback till around 5775 would be a short selling opportunity on clear sell signal on daily time frame.

We can expect huge fall in Copper in coming days.

 

NICKEL :

Trend – bullish

Bearish pin bar at the top. ( counter pin. we don’t trade )

Flip buying support zones for NICKEL is seen at around 16412 and 15050 area.

We need clear buy signals on daily time frame at around 16412 or 15050 area to catch bullish move.

 

ZINC  :

Trend – down

Any strength till around 2357 area can be a aggressive short selling opportunity for ZINC on clear sell signals on daily time frame.

 

LEAD :

Clear side way structure is seen for LEAD MCX as seen above.

We are interested to see clear buy signal at around 148 area to ride the bullish move.

Stay updated for next updates .

Weekly Trade Setups – 19th August to 23th August 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

 

NIFTY :

Trend – Short term bearish

Nifty exactly reversed down on 13th Aug from its flip resistance area after forming a small quality bearish rejection as seen in the above price chart.

Around 11126 area and around 11465 area is seen as flip resistance area to find bearish rejections in coming days.

We are having short selling views as long as price remains below 11465 area.

Waiting for the upside pullback till 11126 or 11465 area and observing bearish signals would be a better idea for Nifty.

Stay updated for next updates on NIFTY.

 

SILVER :

Trend – Aggressive bullish.

Multiple resistance area is seen at around 16.630 area which can become a strong flip support as seen in the above chart.

Now we are in a mind set to observe a downside pullback till around 16.630 area and we will observe clear bullish rejection on 4 Hr or Daily time frame to board the bullish move ahead.

We stay bullish for silver till price lies above the event area of around 15.932

 

GOLD :

Trend – Aggressive bullish

We will wait for a downward pullback till around 1440 or 1382 area and if we get a desired downward pullback then we will observe clear bullish rejection on daily time frame at the above mentioned locations.

We area now eagerly waiting for boarding bullish move after a downside pullback at around 1140 or 1382 area.

We are bullish for GOLD as long as the price lies above 1382 area.

 

CRUDE OIL :

Trend – Neutral

We are in a mood to observe selling signals at around 58.80 $ or 60.69 $ area if we get a upside pullback.

Overall the bias seems bearish as seen in the above price chart .

We will stay aside this week and observe how price folds this week to get more clear idea for CRUDE OIL.

 

NATURAL GAS :

Trend – Bearish

Last week we got expected upside pullback as seen in the above chart.

This week we will closely observe clear selling signals at around 2.327 area which is a major event area.

We are bearish for Natural Gas as long the price lies below 2.327 to 2.441 area.

 

NICKEL :

Trend – Aggressive bullish

As discussed in our previous post for NICKEL , it got exactly reversed from its flip support area of around 15116 area.

Now again we are in a plan to rejoin the bullish move ahead.

So this week we will observe a downside pullback at its flip support event area at around 15116 area and observe clear bullish signals on daily time frame.

we stay bullish for NICKEL till price is above 13783 area which is the major multiple affected event area seen in the above price chart.

 

COPPER :

Trend – Bearish

We can clearly see in the above price chart , price has closed below the major multiple affected support event area of around 5778 area on 12th August.

IN the previous week we were expecting clear sell signal at around 5778 area which might act as a strong flip resistance.

Price again closed above 5778 area on 13th Aug and again closed below 5778 area on 14th Aug.

So this week we will stay away and watch how price behaves here at around 5778 area to take further trading decisions.

Stay connected we will update immediately if potential signal arrives at this location.

 

LEAD :

Trend – Neutral

Above is the MCX chart of LEAD

We are interested to find clear buying signals at around 148 area as it is clearly showing the side way structure.

 

ZINC :

Trend – Bearish

Strong event location to observe sell signals is seen at around 2357 area in the above price chart.

On 15th August we got bearish rejection as shown in the above price chart which may push the price downward.

But remember we always trade a healthy pullbacks at proper event zones as per trend level signal price action.

We stay bearish as long as the price lies below around 2357 area.

Traders can wait and watch the price behavior at around 2357 area to get in line with the downward bearish move.

 

Stay connected for the next updates.

Weekly Trade Setups – 12th August to 16th August 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

SILVER :

Trend – Aggressive bullish.

Bullish rejection found on 1st Aug at the nearest flip support area worked excellent as seen in the above price chart.

We are eager to rejoin the bullish rally again at the flip support area of 16.649 or 16.175 area with a clear buy buy signal.

 

GOLD :

Trend – Bullish

This week we will closely observe the downward pullback till 1440 area or 1381 area to board the bullish trend ahead.

Stay connected for next updates.

 

CRUDE OIL :

We have seen a aggressive drop in a price after a bearish combo set up for crude oil as we posted on whatsapp.

We are still having short selling views for CRUDE OIL as long as the price lies below 58.80 $ to 60.69 $ area.

This week we will observe the selling signals till around 58.80 $ or 60.69 $ area.

Stay connected for next updates.

 

NATURAL GAS :

Trend – Bearish.

We already traded the bearish rejection found on 1st Aug and got excellent downward move.

We still are eager to find a upward pullback starting from 2.158 – 2.327 – 2.441 area to rejoin the downward move again.

We will find clear selling signals till starting from 2.158 – 2.327 – 2.441 area to get in line with downtrend.

 

LEAD MCX :

 

For Lead we will observe the MCX charts to take trading decisions in it as there is a discrepancy in Lead CFD chart and Lead MCX chart.

Above is the LEAD MCX chart.

Trend – Side Way

Our focus will be on 148.50 area and 159.50 area to take further decisions in LEAD.

Clear selling signal at around 159.50 area would be a selling opportunity and clear buying signal at around 148,50 area would be a buying opportunity.

Or else if any sideway range breakout occurs then it may create a breakout trading opportunity.

We will post next updates for LEAD MCX.

 

ZINC :

Trend – Aggressive down

Any upside pullback would be a strong short selling opportunity for ZINC.

We will observe clear sell signals at around 2357 area if we get a upside pullback to board the downward bearish move.

 

NICKEL :

Trend – Aggressive bullish.

Bearish rejection is found at the top for NICKEL as seen above in the price chart. This can push the prices downward.

Clear buying signals found on daily time frame at around 15116 or 13783 would be a buying opportunity for NICKEL.

We stay bullish for NICKEL till price is above 13783 area.

Waiting for buying signals till 13783 would be a good idea.

 

COPPER :

Trend – Bearish

It is seen that price is arrived at at flip resistance area of around 5778 area.

Now here we need clear bearish rejection on 4 H or daily time frame to take short selling decision.

Stay connected for next updates.

Weekly Trade Setups – 29th July to 2nd Aug 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

SILVER :

Trend – Aggressive bullish

Nearer flip support area to observe buy signal is seen at around 16.175 area

We stay bullish as long as price lies above 15.554 area

If we get bullish rejection at around 15.554 area we will rejoin the bullish trend or else if price pulls down till around 15.554 area and if we get bullish rejections we will board into bullish rally ahead.

 

GOLD 

Trend – Bullish

We are waiting for a downward pullback till around 1381 area to rejoin the bullish move ahead.

 

CRUDE OIL

Trend – Neutral

We got multiple inside bar created in the recent week as shown above.

If low of 24th July breaks down then we can expect a downward bearish move till around 50.72 $ area as shown above.

We would prefer to participate in a downside multiple inside breakout for the expectation of downward move till around 50.72$ area.

 

NATURAL GAS

Trend – Aggressive bearish.

We got good downward bearish move as expected in Natural Gas.

We will wait if we get a upside pullback till around 2.327 or else till around 2.441 area and observe clear selling signals to rejoin the bearish move down.

 

LEAD 

Trend – Aggressive bullish

We will observe clear buying signals if we get downside pullback at around 2000 area to board the bullish move ahead.

 

ZINC

Trend – Bearish

Multiple affected area is seen at around 2564 area which we can call it as a strong flip resistance area to observe selling signals.

 

NICKEL 

Trend –  Aggressive bullish

We are eagerly waiting for a downward pullback till around 13363 area to rejoin the bullish move.

13363 is also seen the 50 per cent pullback area of the recent big impulsive bullish move.

Any buying signals found at around 13363 would be a strong buy opportunity for NICKEL.

 

COPPER

Trend – Side way

We got good bearish move as expected which we mentioned in our recent members area.  CLICK HERE.

Any small upside pullback till around 6079 area would be a selling opportunity if bearish rejections are found.

We can expect a downside move till around 5775 area as seen in the above price chart.

Weekly Trade Setups – 22nd July to 26th July 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

 

SILVER : 

Trend – Aggressive bullish.

Last week we can clearly see in the daily price chart that silver has shoot up aggressively bullish as we mentioned in our previous post.  Click here  to see previous post.

Price closed aggressive bullish above the multiple affected zone.

We will rejoin the bullish trend at around 15.554 area which is a strong flip support to observe clear buy signal on 4H or Daily time frame.

Waiting for the healthy pullback down till 15.554 area would be a good decision for SILVER.

Stay connected.

 

GOLD :

Trend – Bullish

This week we area eager to see clear bullish rejection on daily time frame at around 1381 area.

We will wait and watch clear buy signal at around 1381 area to get in line with the bullish trend ahead.

 

CRUDE OIL :

Tend – Neutral

We got aggressive fall in CRUDE OIL as expected from 60.68 $ area.    CLICK HERE to see previous post.

We got an inside bar after a bearish down move as seen above.

If  Thursday’s low gets executed we can go short with a stop loss as a high of Thursday’s candle for the target of around 51.18 $ area.

Any upside pullback till 60.68 $ area would be a short selling opportunity if bearish pin bar is found on daily time frame till 60.68 $ area.

 

NATURAL GAS :

Trend – Bearish

We got as expected downward move for Natural Gas.  CLICK HERE  for previous post.

Hope most of them would have boarded this bearish down move.

Any pocket of strength till 2.441 around area would be an opportunity to rejoin the bearish move.

 

LEAD :

Trend – Aggressive bullish.

We got excellent bullish move as expected.  CLICK HERE  for previous post.

Bearish pin bar is formed at resistance as we can clearly see in the daily chart which may push the prices downwards.

This week we will have patience to rejoin the bullish move again at around 1942 area.

1942 around area seems to be good flip support area for Lead to move bullish again.

We will observe bullish rejections on 4H or daily time frame at around 1942 area.

 

NICKEL :

Trend – Aggressive bullish.

Nickel moved aggressive bullish last week as we expected.  CLICK HERE  for previous post on NICKEL.

We have found highly aggressive  bullish movement for NICKEL last week.

We are so eager to find a downward pullback till the flip support area seen at around 13363 area.

Even in such a aggressive bullish uptrend any downside pullback can be traded bullish if bullish long tailed pin bar are found.

 

ZINC :

Trend – Bearish

Bearish pin bar formed on Thursday 18th July is driving prices towards downside as we can see in the above price chart.

We stay bearish for ZINC as long the price lies below 2562 area.

Any pocket of strength towards 2562 area would be a short selling opportunity if bearish rejections are found.

 

COPPER :

Trend – Side way

We can clearly see that Copper is moving in a side way range bound structure since from past couple of months.

Long term trend is seen bearish as observed in the above price chart.

It is seen that 6079 around area is a key resistance to observe sell signals.

Price touched 6079 area on Friday and started rejecting from it which is observed in the price chart above.

Any bearish signals found on 4 H ar daily time frame at around 6079 area would be an short selling  opportunity in COPPER.

 

 

Weekly Trade Setups – 15th July to 19th July 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

 

GOLD :

Trend – Bullish.

We have still not found good downward pullback for Gold.

Flip support area to observe clear buy signals seems to be around 1358 to 1345 area.

So we plan to wait and watch if price arrives at around 1358 to 1345 and creates buy signal on daily time frame.

It’s time to wait and watch till our desired location arrives as seen in the above price chart of Gold.

 

SILVER :

Trend – Mild Bullish

Clear buying signals has to be observed at around 14.985 area to join the bullish move ahead.

If price closes below 14.985 area then we will nullify our buying views for Silver.

 

 

CRUDE OIL :

Price is arrived at the desired location of around 60.68 $ area .

We have selling views for crude oil as long as price stays below 60.68 $ area.

We will observe clear price action bearish rejection on daily or 4 H at the arrived location to enter into a bearish fall down.

 

 

NATURAL GAS :

Trend – downtrend

We already mentioned that flip resistance to observe sell signals for Natural Gas is seen at around 2.441 to 2.512 area .

We have selling views for Natural Gas till price lies below 2.626 area.

Clear selling signals has to observed at arrived location of 2.441 to 2.512 area on daily time frame to get involved in the bearish move down.

 

LEAD :

Trend – up trend

We got good bullish move from the small bullish pin bar created on 5th July which we already mentioned in our previous post.

Those not boarded can still find buying signals after a downward pullback at around 1942 to 1864 area.

We stay bullish till price lies above 1864 area.

Wait for the downward pullback till 1942 -1918-1884 area and find clear bullish rejections on daily or 4H time frame to connect with bullish move above.

 

NICKEL :

Trend – Agressive bullish.

Nickel moved aggressively bullish as we can see in the above price chart.

This week we plan to get in line with the bullish move , if we get downward pullback till around 13377 to 12818 area .

Clear buying signals has to be observed at around 1337 7to 12818 area to connect with the aggressive bullish move.

 

ZINC :

Trend – bearish

We can see Zinc is aggressively bearish without giving a proper upside pullback as seen in the above price chart.

We have aggressive short selling views for Zinc after a upward pullback at around 2562 area.

We will wait and watch clear selling signals at around 2562 area to connect with the bearish move.

 

GBPUSD :

Trend – Bearish

We are waiting for a upside pullback till around 1.2774 area to get selling signals to board the downward move.

1.2774 area is seen as an multiple affected zone as shown above.

Stay connected for next updates.

Weekly Trade Setups – 8th July to 12th July 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

GOLD :

Trend – Aggressive uptrend.

We will wait for a strong healthy downward pullback till 1358 to 1347 area and watch clear buying signals to connect with the upside move.

 

SILVER :

Trend – Neutral

We will wait for SILVER how the price chart folds in coming days to take decisions.

Stay away at present from silver.

 

CRUDE OIL :

Trend – Down till the price lies below 60.68 $ area.

We will watch clear selling signals at around 60.68 $ area.

Or else if we get strong buying rejection at around 54.78 $ area still we can participate in it.

Wait and watch for the clear signals at the above mention areas.

 

NATURAL GAS :

Trend – Down

We will observe clear selling signals at around 2.442 to 2.512 area to participate in the downward move.

 

COPPER :

Trend – Down

Strong flip resistance area to find sell signals is seen at around 6079 area.

We have short selling views for COPPER at around 6069 area with clear bearish rejection signal.

 

LEAD :

Trend – Mild uptrend

We got little bullish rejection at the flip support area of around 1864 area.

But bullish rejection created is not sufficient strong , so we will come to 1 H and 4H or daily time frame and watch clear bullish rejection to take buying decision.

 

ZINC :

Trend – Aggressive down

We will wait for a healthy upside pullback till around 2550 to 2596 area and watch clear selling signals to board the downward bearish rally.

 

NICKEL :

Trend – Mild uptrend

Clear buying signals has to be observed at around 1254 area to connect with the mild uptrend as seen in the above price chart.

Also we have selling views from the multiple affected zone seen at around 12818 area , but the selling should be clear at this area to take short decisions.

 

GBPUSD :

Trend – Aggressive down

Selling signals has to be observed if we get a strong pullback at around 1.2774 area.

Any selling signals found at around 1,2774 would be a strong selling opportunity  in GBPUSD.

 

USDJPY :

Trend – Down

Clear selling signals has to be observed at around 109 area to board the downward rally.

Stay updated for the next post and updates.