Weekly Trade Setups – 18th June to 22nd June 2018

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

 

SUN PHARMA :

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

We can expect price can touch till 600 area .

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

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

Stay connected for further updates.

 

Dr Reddy Labs :

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

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

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

We will update as the situation creates.

 

STATE BANK OF INDIA :

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

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

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

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

Stay connected for future updates on SBI.

 

SAIL :

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

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

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

Stay connected for further updates.

 

LUPIN :

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

We can expect aggressive momentum till around 970 area ahead.

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

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

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

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

Stay connected for further updates.

 

GOLD :

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

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

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

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

We can expect this downward move till around 1235 area.

 

SILVER :

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

Price came down from from key resistance of 17.320

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

 

LEAD :

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

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

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

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

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

Stay connected for further updates.

 

ZINC :

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

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

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

Stay connected for further updates.

 

CRUDE OIL :

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

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

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

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

Stay connected for further report on CRUDE OIL.

Weekly Trade Setups – 11th June to 15th June 2018

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

 

BANK NIFTY :

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

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

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

Stay Connected.

 

TECH MAHINDRA :

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

Generally we don’t trade counter trend .

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

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

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

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

 

COPPER :

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

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

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

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

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

 

LEAD :

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

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

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

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

 

ZINC :

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

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

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

 

NICKEL :

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

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

 

SILVER :

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

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

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

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

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

 

GOLD :

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

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

We will update as it arrives. Stay connected.

 

NATURAL GAS : 

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

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

We will update it as it develops. Stay connected.

Weekly Trade Setups – 4th June to 8th June 2018

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

 

BANK NIFTY : 

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

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

We can trade a either way breakout for bank nifty.

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

 

GOLD :

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

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

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

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

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

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

 

USDJPY :

 

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

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

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

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

 

EURINR :

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

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

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

We will update what develops this week.

Stay connected.

 

GBPINR :

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

Watch clear buying signals at around 88.40 area

We will update as the signal arrives.

Stay updated.

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.

Weekly Trade Setups – 24rd May to 25th 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

 

BANK NIFTY :

 

We can clearly see downward correction in the above price chart of BANK NIFTY.
25450 is seen as the flip support level to see buying signals.

We will observe clear buying signals on daily time frame at the support area at around 25450 .

If Price closes below 25450 area then we will see price action buy signals on daily time frame at next support area at around 24707.

Stay connected we will update as signal arrives.

 

HERO MOTOCORP LTD :

We can observe clear side way structure view as we zoom in the above price chart of HERO MOTOCORP.

we will observe clear price action action buy signal at equal low area which is a key support in between 3404 to 3372

We will update as signal arrives. Stay connected.

 

TATA MOTORS :

Above is the monthly price chart of TATA MOTORS.

266 around area is seen a good support level in the above price chart.

Watch clear price action buy signal on daily time frame at around 266 area to get a strong up move ahead.

Stay connected for further updates.

 

VEDANTA LTD :

Key level breakdown is observed in the above chart of VEDANTA.

One has to see a upward pullback at around 272 area to get sell signal.

Selling signals has to be observed on 1 H or 4 H or daily time frame if price pulls up at around 272 area.

Stay connected for further updates.

 

NATURAL GAS :

We have already booked the target for Natural Gas . Click here.

Those not long can see the downward pullback at around  2.850 and watch buying signals on 1 H, 4H or daily time frame.

We are bullish till price lies above 2.780

Also there is no resistance seen before 3.625

But always remember to follow the risk and reward rule while booking the target.

 

LEAD :

As per the above price chart of LEAD aggressive bullish trend is seen in it.

Price has came up above the multiple key location.

Watch downside pullback till around 2400 area and watch buying signals on 1 H , 4 H or daily time frame to get long.

No resistance is seen before 2600 area.

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.

Weekly Trade Setups – 14th May to 18th 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

 

BANK NIFTY: 

We will wait for the downside pullback till 25450 area which is a flip support.

Find clear buying signals after a downward pullback at around 25450 area to get long in it.

 

RELIANCE INFRASTRUCTURE:

Clear side way structure is identified in the price chart of RELIANCE INFRASTUCTURE as shown above.

Find clear buying signals at around 407 area to get long in it.

 

SUN PHARMA :

Key support breakdown is clearly seen in the above price chart of SUN PHARMA.

Wait for the upside pullback at around 493 area and find price action sell signals to get short in it.

 

JUBILANT FOOD :

Aggressive uptrend is observed in the above price chart of JUBILANT FOODWORKS.

Find clear price action buying signals at a support zone in between 2428 to 2320 area.

 

POWER GRID :

We are interested to find price action buy signals at around 204 area this week.

 

GOLD :

Those not long in GOLD can observe a downward pullback and find buying signals on any weakness till 1300 area.

 

SILVER :

We are interested to find clear buying signals at around 16.134 area which is a key support zone for SILVER as seen in the above price chart.

 

ZINC :

Multiple inside bar is clearly observed in the above price chart of ZINC.

This situation can be traded any side whichever breakout occurs.

If 3118 breaks we will go long in it with a stop loss of 3046.

Or else if 3046 breaks then we will go short with a stop loss of  3118 .

 

NICKEL :

Narrow range is clearly observed in the above price chart of NICKEL as shown.

We would prefer to enter in a upside breakout  at around 14196 area with a stop loss of 13771

We can expect the target of 16500 in coming weeks.

 

LEAD :

Clear price action buy signals can be observed after a downside pullback at around 2246 area.

 

EURUSD :

This week we have a mindset to observe a upside pullback till the flip resistance zone 1.2151 – 1.2214 area .

We will observe selling signals at 1.2151 – 1.2214 area to go aggressive  short in it.

 

GBPUSD :

Clear price action selling signals has to be watched this week at resistance zone in between 1.3715 – 1.3964 area.

Weekly Trade Setups – 7th May to 11th 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

 

TECH MAHINDRA LTD :

We located the flip support area for TECH MAHINDRA in our previous post . CLICK HERE.

We got bullish piercing signal at the expected flip support location of around 645 area.

Those taken a blind entry can remain in the trade for the target of around 725 or else stop loss trailing would be preferred.

Fresh long entry can be taken anywhere above 640 area.

Assuming 640 as a stop loss TECH MAHINDRA can be traded longside for the target of around 725 area.

 

YES BANK : 

We will observe the downward pullback till 330 area.

If we get clear price action buy signal at 330 area we will go ling in it.

Stay connected for further updates.

 

NIFTY : 

Recently NIFTY has broken the resistance towards upside as seen in the above price chart.

We will observe a downward pullback till 10485 area and a clear price action buy signal at 10485 area to go long in it.

Stay connected for further updates.

 

GOLD : 

We can see the clear side way ranging structure created in the above price chart of GOLD.

Price is arrived at equal low area also we got a inside bar signal at support on 2nd May 2018.

Long positions can be created anywhere above 1301 area.

Assuming the stop loss of 1301 GOLD can be traded long side and long positions can be created at around 1315 area.

We can expect twice target of the risk.

 

ZINC : 

Above is the weekly chart of ZINC.

Weekly key reversal area is clearly seen in the above chart at around 2975 area.

We have to see a clear price action buy signal at around 2975 area to go long in it.

stay connected in it for further updates.

 

ALUMINIUM :

Observe a downward pullback till 2225 area and watch price action buy signal to get long in ALUMINIUM.

 

NICKEL :

Inside bar is identified in the above chart of NICKEL.

The above inside bar found can be traded in either direction as shown in the above price chart.

We can trade either way breakout of 3rd May’s candle high or low.

If 14196 gets triggered we can prefer long entry with a stop loss of 13770.

Or else if 13770 triggers we can prefer short entry with a stop loss of 14196 .

 

EURINR :

If we get clear price action buy signal at around 1.1918 we can participate in long entry.

Another scenario , if price pulls upward till 1.2216 area and we get a clear price action sell signal we can prefer short entry.

Stay connected for next updates.

 

GBPINR :

Clear price action buy signal should be observed at 1.3455 area to create long position.

Or else observe a clear price action sell signal after a upside pullback till 1.3961 area to create short entry.

We will update as it arrives. Stay connected.

Trade set up – 1st 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

 

Natural Gas :

We posted in our previous post that it would be a right time to trade in NATURAL GAS. Click Here.

We can buy Natural Gas at 2.760 with a tight stop loss of 2.720.

As resistance area in not seen before 3.200 , we can consider it as a target area.

Weekly Trade Setups – 30th April to 4th 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 : 

It is clearly observed in the above price chart of RELIANCE INDUSTRIES that side way structure is broken towards upside.

We will find a downward pullback till 960 to 940 area. If we get clear price action buy signal in between 960 to 940 area we will go aggressive long.

Stay connected for further updates’

 

GOLD :

Price is arriving at equal low area as we have posted in our previous post.  Click Here.

We will closely observe price action buy signal at around 1307 area.

We can get explosive bullish movement ahead if we get clear price action signal at around 1307 area.

Wait for the opportunity. Stay connected for further updates.

 

SILVER : 

Silver was aggressive bullish few days before , but it was equally bearish in next few days. We were waiting for buying opportunity at flip support area.

But we did not got any buying signal and price closed below 16890 area.

Price is arriving close to around 16200 area which is a strong key support area.

It would be better if we wait till 16200 area and watch for a clear buy signal to get long.

Stay connected for further updates.

 

CRUDE OIL : 

we will wait for a downward pullback at around 65 $ area and watch for a price action buy signal to join the bullish move.

Stay connected for further updates.

 

ZINC :

Zinc is arriving at a Key support area of around 3050. We are interested to get a buy signal at around 3050 area.

Stay connected we will post if any potential situation arrives in ZINC.

 

ALUMINIUM :

Aluminium is arrived at a location where we have to see price action buy signal at around 2228 area.

We should get clear price action signal at the arrived 2228 area to get long.

If price closes below 2288 we will stay away and wait until we get clear price action structure.

 

NICKEL : 

12800 area is a key support location for nickel as seen in the price chart above.

We will wait and observe what develops next to decide high probability trade.

Stay connected for further updates.