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.

Weekly Trade Setups – 30th July to 3rd 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]

 

NIFTY :

 

NIFTY has broken up its lifetime high of 11171 and exploded bullish and closed tight above 11171 area as seen in the above price chart of NIFTY

Without speculating we will follow the price action which we can see clearly in the price chart above.

Any downward pullback would be an buying opportunity till the price lies above 10900 area

Clear price action buying signals should be observed on any downward pullback on daily time frame at flip support levels of 11170 area or another strong flip support level at 10925 area.

Stay connected for further updates on NIFTY.

 

EURUSD :

We have mentioned in our earlier post that key resistance for EURUSD is seen at 1.1853 area .

We were eagerly waiting for the upward pullback till 1.1853 area to grab selling opportunity.

Suddenly price reversed before approaching  1.1853 area creating an bearish engulfing signal.

Price action Selling signals has to be observed on 4 H or Daily time frame till 1.1853 area to get in line with downtrend.

 

GBPUSD :

Previously we mentioned the key affected zone for GBPUSD lies at around 1.3474 area as seen in the price chart above.

Price got reverse before touching 1.37474 area forming a bearish engulfing signal.

Selling signals has to be observed on 4 H or Daily time frame till 1.3474 around area to come down with the down trend.

 

USDJPY :

We got two tailed pin bars at strong flip support area near 110.90

Also next nearest support lies at around 109.35 area.

Clear price action buy signals has to be observed at flip support zone at around 110.90 area.

We stay bullish till price lies above 109.35 area for USDJPY

 

GOLD : 

We did not found any healthy upward pullback last week.

We should expect a healthy pullback till its flip resistance zone at around 1262 area to find selling opportunity.

We stay bearish for GOLD till the price lies below 1302 area

Any upside rotations till 1302 area will be an opportunity to short sell after getting a price action sell signal on daily time frame.

 

SILVER :

15800 to 16140 zone would be a good location to find for clear price action selling signals as we have posted in earlier post for SILVER.

We can wait for a healthy pullback or correction and watch selling signals on daily time frame in between the flip resistance zone at around 15800 to 16140 area.

 

CRUDE OIL : 

Buying zone for CRUDE OIL is clearly seen in between 67 to 63.66 $ area as seen in the price chart above.

Ideally we will wait and observe price action buy signals for CRUDE OIL in between the zone 67  to 63.66 $ area on 4 H or Daily time frame.

 

NATURAL GAS : 

Following is the weekly chart of NATURAL GAS.

It is clearly observed that price is in side way structure making equal highs and equal lows as seen in the above weekly price chart.

We will plan to observe buying signals at equal low location at around  2.531 area as per the weekly side way structure.

Or else we can find selling signals at around 2.837 area on daily time frame which is a flip resistance to get down till 2.531 area

Stay connected we will post next updates for Natural Gas.

 

LEAD : 

We were so eager to see a upward pullback till the flip resistance area of 2246 area last week.

But last week we found consolidation with stuck movement of price.

Generally we trade healthy pullbacks.

Ideally we can wait till healthy upward pullback at around 2246 and watch selling signals on daily time frame to get line with the downtrend.

Or in such a aggressive downtrend we can observe price action selling signals on 1 H , 4 H or Daily time frame till price lies below 2246 area to enjoy downtrend

 

ZINC :

Last week we were expecting a upside pullback for ZINC as shown in the above price chart.

Ideally pullback levels start from 2671 till 2969 zone.

This week we are planning to observe selling signals in between the flip resistance zone of 2671 to 2969

 

ALUMINIUM : 

Key reversal area i.e multiple affected area of 1987 is clearly seen in the above price chart of ALUMINIUM.

We will wait till the test of  1987 area.

Aggressively we can go long at 1987 area if we get buying signal on 1 H , 4 H or daily time frame at around 1987 location.

Stay connected we will update on this.

 

NICKEL : 

12832 around area is seen strong key reversal area to get a bullish stroke as shown above in the price chart of NICKEL.

We will wait till the test of 12832 around area.

Stay connected we will post next updates on NICKEL.

 

COPPER :

Flip resistance and healthy pullback area is clearly seen at around 6531 area

Price action sell signals has to be observed at flip resistance area till 6531 area to connect with the flow of aggressive downtrend for COPPER.

Watch price action selling signals on 4 H or daily time frame till around 6531 area to come down with aggressive downtrend.

As it is a aggressive downtrend we can observe price action sell signals on 1 H , 4 H or daily time frames at respective flip levels to enjoy the downtrend.

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 – 16th July to 20th 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]

 

EURUSD :

Key resistance is clearly seen at around 1.853 in the above price chart.

We will wait till 1.853 area and observe clear selling signal to join the bearish trend.

We stay bearish till the price lies below 1.853 area

We will update if potential signal arrives.

 

GBPUSD :

We can clearly see the aggressive bearish trend for GBPUSD in the above chart.

Multiple affected area i.e key resistance is clearly seen at around 1.3474 area.

we can observe an upside pullback till around 1.3474 area and watch clear selling signal to participate in the bearish move down.

Stay connected , we will update if we find the potential signal.

 

USDJPY :

Price has broken the recent resistance area of around 112.80 which can be clearly seen in the above price chart.

We will observe a downside pullback till around 111.14 area to rejoin the bullish move ahead.

If price pulls down then we will observe a clear buying signal at 111.14 which is a flip support area to get a buy signal.

Stay connected we will post next update on it.

 

XAUUSD :

Price is making lower low and lower high series which clearly indicates the short term downtrend as shown in the above price chart.

Ideally we have to observe price action selling signals on any upside pullback till around 1265 to 1305 on 1 H, 4 H or Daily time frame to rejoin the bearish move down.

 

XAGUSD :

We can clearly see the sideway structure breakout in the above price chart of silver.

Also we got a bearish rejection at flip resistance area as shown above.

Any upside pullback would be an selling opportunity till around 16.210 area.

Watch selling signals on 1H , 4H or daily time frame to rejoin the bearish down move if price pulls up till 16.210 area.

 

CRUDE OIL :

We have seen the aggressive bullish rally in crude oil recently in previous week.

It is clearly seen that it is under correction .

We find the flip buying level at around 69.45  to 67 $ area

Ideally we should get price action buy signal at around 69.45 to 67 $ area on 4 H or daily time frame to board the bullish rally ahead.

Stay connected we will update further updates for crude oil shortly.

 

NATURAL GAS :

Price has broken down the recent support levels and traveled downside after getting a bearish pin bar at flip resistance as seen in the above price chart.

We find two possibilities here for Natural Gas.

If we get clear selling signal at 2.877 area after pulling up then we would prefer to sell.

Or else if we get buying signal at 2.700 area after coming down then we would prefer to buy .

Stay connected for further updates in Natural Gas.

 

LEAD : 

We got a deep bearish move in LEAD after getting a bearish pin bar at flip resistance area as shown in the above price chart.

Also we got a bullish pin bar on 12th July.

But as it is a counter trade pin bar we will ignore it .

This week we are planning to go short on any upside pullback till around 2246 to 2369 area.

We will watch price action sell signal on daily time frame in between 2246 to 2369 area if price pulls up.

 

ZINC : 

We observed aggressive bearish move in ZINC last week following the series of lower low and lower high without getting a healthy upside pullback.

Inside bar is formed in ZINC on 13th July 2018 as seen in the price chart above.

We are planning to see a upside pullback till around 2669 to 2977 area to get in line with the bearish move downside.

We will watch for the sell signals if we get a upside pullback till around 2669 to 2977 area.

Stay connected for the further updates for ZINC.

 

COPPER : 

Explosive bearish move was seen in the COPPER in last couple of weeks as shown above.

We found no correction while its aggressive bearish down move.

We are planing to wait for the upside pullback till 6531 area to participate in the bearish down move.

If price pulls up then we will watch selling signal at around 6531 area to board in a bearish down move.

Stay connected for further updates for copper.

 

NIFTY :

Last week we observed that NIFTY has broken the recent resistance area of around 10890 and closed tight above it.

This week we will plan to observe a downward pullback till around 10890 area which becomes a flip support area.

We will observe clear buying signals at flip support area around 10890 to ride the bullish rally ahead till the key resistance of 11170 area.

Stay connected for further updates for NIFTY.

Weekly Trade Setups – 2nd July to 6th 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]

 

NIFTY :

10930 is the key resistance area seen in the above price chart of Nifty.

Also the short term recent support area is seen at around 10419 area.

Price is trading in between the above mentioned zone.

If we get price action sell signal at around 10930 we will participate in a bearish move below or else in another situation if price pulls down and we get clear price action buy signal at short term support area at  around 10419 then we will participate in bullish move ahead.

So we will stay away and observe the above mentioned area closely to get potential entry.

Stay connected we will update the further updates for NIFTY.

 

Tata Motors :

We can see a clear aggressive downtrend for TATA MOTORS as seen in the above price chart.

According to candlestick pattern we got bullish harami signal as observed.

But this this a counter trend signal.

We are interested in a upside pullback till 316 to 326 area to get in line with the downtrend.

Ideally price action selling signals should be observed at mutiple affected area located at around 316 to 326 area.

Stay connected we will further updated on Tata Motors.

 

SUN PHARMA :

We are eagerly waiting for a downward pullback till the flip support area of around 540.

If we get clear price action buy signal at around 540 area we will aggressively participate in bullish move ahead.

Stay connected for further updates on Sun Pharma.

 

CRUDE OIL :

We have seen a strong bullish move in CRUDE OIL recently as we mentioned the buying zone in our previous post.

Click Here to see previous post.

This week we are planning to watch a downside pullback till around 68.50 $ area to get clear buy signals on 4 Hour or daily time frame to ride with the uptrend.

 

NICKEL :

Nickels seems to be in an aggressive uptrend as seen in the price chart above.

Short term support area to buy is located at around 14450 to get clear buy signals

Also 13580 area seems to be a key support zone as seen in the above price chart.

So waiting for a clear buy signal at around 14450 or 13580 area might be a good decision for NICKEL.

 

ZINC :

Zinc is clearly seen that it has closed below the multiple affected zone as shown in the above price chart.

Now we are interested to watch a upside pullback till the flip resistance of around 3000 area to get selling signals.

Selling signals can be observed at flip resistance of around 3000 to board in the bearish move down till 2430 area.

Stay connected for further updates for ZINC.

 

LEAD :

 

We can clearly see a healthy pullback for LEAD as shown above.

But we did not yet got the bullish symptoms at the arrived flip support location.

Ideally we should get a clear buy signal on 4 Hour or Daily time frame at the arrived location near 2400 area.

 

SILVER :

Silver has closed below the multiple affected zone of 16.200.

This week we will observe a upside pullback till around 16.200 to 16.350 zone to get in line with the bearish move down after getting clear selling signals.

Stay updated for further updates for SILVER .

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.