Weekly Trade Setups – 23rd April to 27th April 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

 

NTPC LTD :

We can get an opportunity to trade in NTPC as it has recently broken the resistance, seen in the price chart above.

Wait for the pullback till 171 area and find clear price action buy signal to join the bullish move.

Stay connected for the next updates for NTPC .

 

POWER GRID CORPORATION LTD :

POWER GRID seems to be in an aggressive bullish momentum as seen in the above price chart above.

If we get a downward pullback in between 198 to 200 zone then it would be a good opportunity to catch the bus.

Overall we are interested to find price action buy signals at flip support zone of around 198 to 200 area.

Stay connected for further updates of POWER GRID.

 

AUROBINDO PHARMA LTD :

AUROBINDO PHARMA has already arrived at a key resistance area of 631 area and moved lower in last three days.

We were highly interested to get price action sell signal at around 631 area.

This week we have to closely observe sell signal at around 631 area to participate in a bearish move down.

If price closes above 632 area then we will nullify our selling views in it.

Stay connected for further updates on AUROBINDO PHARMA.

 

TECH MAHINDRA LTD :

We can clearly see a side way range breakout in above price chart of TECH MAHINDRA.

Also there was a inside bar breakout on 20th April  in it as we can see in the above price chart.

Now we have a mindset to observe a downside pullback till 647 area to join the bullish trend.

Overall find clear price action buy signals at around 647 area to get long in it.

We will update in our next post as signal arrives.

 

NICKEL :

We can clearly see a inside bar bullish breakout in the above price chart .

There is a bearish pin bar created on 19th April , But we generally don’t trade counter trend.

Our price action views says that we will observe buying signals at flip support zone in between 14421 to 14037 area.

Wait for the downside pullback till the flip support area and observe buying signals in between 14421 to 14037 area.

We will update in our next post.

 

LEAD :

We are waiting for 2255 area to get buy signals, we posted in our previous post.  CLICK HERE.

Last week we observed a small upside pullback generating bearish pin bars as u can see in the above price chart.

This can be traded downside for the target of 2255 area.

Overall we can take short position anywhere with a stop loss of 2414 for the target of 2255

 

CRUDE OIL :

CRUDE OIL is in aggressive bullish trend as we posted in our previous trade. CLICK HERE.

Observe a downside pullback at around 66.50 $ area to get price action buy signal to rejoin the bullish trend.

 

SILVER : 

Side way range breakout can be clearly seen in the above price chart of SILVER.

This would be a opportunity for us if price pulls down at flip support area of around 16800.

Wait for the downward pullback till 16800 area and observe  price action buying signals to join the bullish move ahead.

Stay connected for further updates on SILVER.

 

GOLD :

As it is a side way structure we can get a good opportunity if focused at equal high and equal low area.

If we get clear price action sell signal at 1356 area we would prefer to go short or else price pulls down to 1305 area and we get clear buy signal then we would prefer to go long.

Stay connected for next updates on GOLD

 

NATURAL GAS :

Natural Gas was moving in a narrow range structure since from last few weeks as seen in the above price chart.

Since from last few weeks we were finding a trade for Natural Gas, Now it may be a right time to trade Natural Gas.

If price breaks 2814 area which is is a strong resistance and closes above it then we can go aggressive bullish in it , Also we can see in the chart that there is no resistance seen before 3200 area.

Also if we see another scenario , Key support lies at 2531 area. If price pulls down to 2531 area , it will be a buying opportunity on getting price action buying signals.

Stay connected for further updates on NATURAL GAS.

Weekly Trade Setups – 16th April to 20th April 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

 

HAVELLS INDIA LTD :

Havells moved as we expected last week. Click Here.

Those not entered in this long trade may observe a pullback down to 525 area to get long on price action buy signal on daily time frame.

We expect the target at next resistance at 570 area.

 

EICHER MOTORS LTD :

Bullish side way breakout is clearly seen in the above price chart of EICHER MOTORS.  CLICK HERE.

Now we are eagerly waiting for a downside pullback in between the range of 29700 to 29077 area to get price action clear buy signal as shown in the price chart above.

We will wait for the downside pullback till 29700 to 29077 area and watch clear price action buy signal to rejoin the bull rally.

Stay connected for next updates on EICHER MOTORS.

 

RELIANCE INDUSTRIES LTD :

RELIANCE INDUSTRIES is arriving at the expected trading location. CLICK HERE. 

We can clearly see a side way stucture creating equal high and equal low as shown in the above price chart.

Now we will focus on equal high area which is located at around 958.

At around 958 we will observe how is the price behavior with the help of candlestick signal.

If we get clear selling signal at around 958 area then we can go short , or else if price breaks 958 and closes above it then we will nullify our selling views.

 

BHEL :

In case of BHEL our price action view is that , if we get clear price action buy signal at around 83 area after a downside pullback then we will go long in it.

Or else we can observe clear price action selling signals at around 98 area to go bearish in it.

Stay connected we will update on BHEL as the price action structure creates.

 

HDIL : 

In above price chart of HDIL we have a clear view that if price rises up till 48 area and we get clear selling signal then we will again rejoin the downtrend in it.

We have taken many trades in HDIL on short side in last few months which worked in our favor.

Lets wait and watch what develops next to find a clear price action trading opportunity.

We will update accordingly.

 

TATA MOTORS LTD :

As seen in the above price chart of TATA MOTORS price is arrived at a flip resistance area of 360 . CLICK HERE.

Above is the Daily price chart of TATA MOTORS. We posted in our previous post that we will observe selling signal at around 360 area.

We got a bearish signal in TATA MOTORS on 9th April 2018. As it is a flip resistance area we can go short in it with a stop loss of 370  for the target of 340.

Ideally we can go short at 364 with a tight Stop loss of 370 for the target of 340.

 

GOLD :

Aggressive traders may have booked the profit in GOLD as we posted in last week. CLICK HERE.

We can clearly see in the above price chart of GOLD that , it is moving in a range creating equal highs and equal lows.

Our focus area in the coming week will be around 1356 and 1305

As it is a side way structure we can get a good opportunity if focused at equal high and equal low area.

If we get clear price action sell signal at 1356 area we would prefer to go short or else price pulls down to 1305 area and we get clear buy signal then we would prefer to go long.

Stay connected for next updates on GOLD

 

SILVER :

Same structure is created in silver as we have seen in the GOLD.

From last few weeks price is moving in a range creating side way structure with equal highs and equal lows.

This situation may create a good trading opportunity for us.

Our focus area for coming week will be at around 16850 or 16150

We have a mind set , if we will get clear price action sell signal at around 16850 area then we would obviously go short or else if price comes down to around 16150 area and we get clear buy signal then we would prefer to go long in it.

Stay connected for next updates for SILVER.

 

ZINC :

Last week price moved aggressively bearish as we can see in the above price chart of ZINC.

As seen in the chart key support location is located at around 3040 area.

If we get clear price action buy signal at around 3040 area then we are going to go long aggressively as it is a multiple affected event area.

In this case clear buying signals can be observed on any time frame i.e on 15 min , 30 min, 60 min , 4 hour , or daily time frame at around 3040 area.

Stay connected we will immediately post it in members area if any opportunity creates in ZINC.

 

LEAD :

Long term support area is arriving as seen in the above price chart of LEAD which is located at around 2255 to 2201

We may get a buying opportunity at 2255 to 2201 long term support location.

This week we will closely observe clear price action buying signals at around 2255 to 2201 area .

Stay connected we will post the updates on LEAD accordingly.

 

CRUDE OIL :

Last week we have seen that CRUDE OIL was aggressive bullish as observed in the price chart above. CLICK HERE.

We were stop out in CRUDE OIL last week . But finally crude was aggressive bullish after creating a inside bar on 9th April 2018.

Also we mentioned that around 60 $ area was a strong support just below the bullish pin bar.

Price has closed above 66.50 $ which was a key resistance as shown in the price chart above.

Waiting for a downward pullback till the recent support levels would be a good decision to trade CRUDE OIL.

Recent support levels are located at around 64 $ , 61.80 $ , 60 $ area and 58 $ area.

Any buying signals on daily time frame created at the above mentioned support levels would be a buying opportunity.

Stay connected for further updates on CRUDE OIL.

 

ALUMINIUM : 

We were eager to see selling signal at flip resistance area . CLICK HERE.

But price closed above 2114 area without getting selling signals at flip resistance area and exploded bullish.

Price is arrived at key resistance area as seen in the above price chart of ALUMINIUM creating a bearish pin bar.

But as it is a counter trend bearish pin bar we are interested to find the buying signals after getting a downward pullback till 2150 area.

Also 2150 area will be a 50 per cent healthy pullback to get a buy signal according to the aggressive bull trend seen in Aluminium

Only aggressive traders can participate in the bearish pin bar created on Friday 13th April 2018.

But remember aggressive traders may come out soon from the short trade if they participate in the bearish pin bar created as shown in the above price chart of ALUMINIUM.

Weekly Trade Setups – 9th April to 13th April 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

 

Punjab National Bank Ltd :

We can see clearly in the price chart above that PNB is moving in a narrow range since from past few days after a strong bearish rally.

As seen in the chart above we can participate in a bullish breakout located at 104 area.

As per the price action trading we have to first watch for the breakout and then see the pullback to enter the trade.

But in this case we can participate early and take a long entry at 104 area by following the same days low as a stop loss.

But make sure price breaks 104 area and closes above it. Also tight stop loss of same days low should be followed.

Next flip resistance is seen at 128 area which would be the target for this trade.

 

VEDANTA LTD :

Above is the weekly price chart of VEDANTA.

Price action says that price is arrived at key support area which is located at 279 area.

Here we can observe a downside pullback till 279 area on daily time frame to get price action buy signal.

Target area should be 305 which is a flip resistance as seen in the daily price chart.

 

HAVELLS INDIA LTD :

One can clearly identify the side way structure breakout in the above price chart of HAVELLS.

On Friday bullish upside breakout has happened and price closed above 525 area.

This may be an opportunity for us to find buying signals after a small pullback till 525 area on 1 hour , 4 hour or daily time frame.

Aggressive blind entry traders should make sure that price should not close below 525 area if they enter long as a blind entry.

Assuming 525 area as a tight stop loss long entry can be done for the target of 565.

Conservative traders may watch buying signals at 525 area on any smaller time frame starting from 15 min to enter the trade.

 

EICHER MOTORS LTD :

Bullish side way breakout is clearly seen in the above price chart of EICHER MOTORS.

Now we are eagerly waiting for a downside pullback till 29077 area to get price action buy signal as shown in the price chart above.

 

ALUMINIUM :

Price is pulling up from its support zone as seen in the above price chart of ALUMINIUM.

Flip resistance is located at 2114 area as shown above.

We are interested to see selling signals at 2114 area to get in line with the bearish momentum.

 

NICKEL :

Key reversal location for NICKEL is seen at 12820 area as shown in the above price chart.

Watch price action buy signals at 12820 area to participate in the bullish rally above.

 

ZINC :

Price moved downside last week as we expected. CLICK HERE.

On Friday we have seen an inside bar as shown in the above price chart of ZINC.

As per the price action created in the above chart we have a view to see sell signal at flip resistance above at 3350 area or else see buying signals at key support area down at 3052 area.

But aggressive traders can trade the either side breakout of inside bar formed on Friday.

 

GOLD :

Side way chart creating equal high and equal low can be clearly seen in the GOLD as seen in the above price chart.

Our observation area for finding the trade should be 1307 area to get buy signals as per price action created in the price chart of GOLD.

We got bullish pin bar on Friday as we can clearly see in the above price chart.

Aggressive traders can take a long position but remember key location is located at 1307 area.

As event area is located at 1307 area we would be more interested to wait and watch if price test 1307 area.

Trade Setups – 5th April 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 :

Bearish engulfing is clearly seen in the above price chart of YES BANK on 4th April.

As the location of bearish engulfing is at resistance area we can consider this situation as a high probability.

Considering 321 as a stop loss we can try this trade towards short side.

Also entry can be taken as per bearish engulfing trading method or after a small upside pullback near 315 area to reduce the stop loss.

286 would be a target area for this selling trade. or else following standard exit i.e 1:2 is always better.

 

CRUDE OIL :

We projected the reversal location in our previous post for CRUDE OIL. Click Here.

We were eagerly waiting for a downward pullback at around 63 $ area.

Also there is a strong support down at 60 $ and next at 58 $ area.

But the situation created before that can’t be ignored.

We got a bullish rejection yesterday at the expected flip support area as shown in the above price chart of CRUDE OIL.

This high probability situation can be traded long side with a stop loss of 62 $.

Expected target would be 66 $ area.

Always remember anything can happen therefore risk management is the only way to get success in the market.

Weekly Trade Setups – 2nd April to 6th April 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 :

 

In the price chart of SUN PHARMA we were interested to observe the price action at 499 area. CLICK HERE.

Finally last week price closed below 499 area.

Retest can be observed at 499 area on 1 Hour , 4 Hour or Daily time frame , i.e selling signals has to be watch.

Aggressive traders can go short using the appropriate stop loss of 513. We can expect the target of 462 in coming weeks as it is a next support area seen in the price chart.

But always remember 1:2 risk reward is a best deal for any trade.

 

RELIANCE INDUSTRIES :

Price is almost arriving to the desired trading location as seen in the price chart. CLICK HERE.

We are eager to watch the price behavior at 868 area to take the further trading decision in it.

Either possibility would be that , if price closes below 868 area then we can expect it may move downward till next support of 780 area , or else if we get strong price rejection buy signal at 868 area then we would prefer to get long.

Stay connected we will update accordingly as the situation creates.

 

TATA MOTORS :

Above is the weekly price chart of TATA MOTORS.

It can be clearly seen that recent support of 359 has break down and closed below . Also we can see price has tested  359 area and closed below.

This week any upside pullback from 340 to 359 area would be a selling opportunity.

We stay bearish in TATA MOTORS as long as the price lies below 360 area

Price may move downward till next support area which is at 280 as seen in the price chart above.

Watch for the upside pullback till 340 to 359 area to participate this downward move.

 

WIPRO :

Price is closed below the key support location of 280 as seen in the above price chart.

This week we have to observe selling signals carefully at the arrived location of 280 to 281 on 1 H , 4 H or daily time frame.

Next support is far away at 252 area as seen in the above price chart which we can consider the target area.

Stay connected for further updates on WIPRO

 

GBPINR :

We are interested to observe buying signals at recent support location at 89.40 to 88.50 area in the above price chart of GBPINR

Stay updated for further updates on GBPINR

 

ALUMINIUM :

ALUMINUM is arrived at significant trading location of 2000 which is a strong support as seen in the price chart above.

Aluminium moved downside as we expected. CLICK HERE.

We can see a strong support in the above price chart of ALUMINIUM at 2000 to 2005 area.

Long positions can be created if price action buying signals are found at 2000 to 2005 area on 1 H , 4 H or daily time frame.

Aggressive traders  can take a blind long entry at 2000 area following the blind entry method. Stop loss would be the same days low price. If price favors then we can carry this trade for the target or if price moves in apposite direction then strictly exit has to be taken on the same day by accepting the stop loss.

If we get the buying signal at 2000 to 2005 area , we can expect the target of 2110 area which is a flip resistance area as shown in the price chart above.

Also we will observe selling signals at flip resistance area at 2110 area to participate in the downward move again.

Stay connected for further updates.

 

ZINC :

We posted on ZINC last week . Click Here.

We can see a slight bearish rejection created in the above price chart of ZINC .

But remember flip resistance area is located little above at 3350 area as seen in the price chart above.

Those who have taken short positions should keep the stop loss flexible at around 3355 area.

This week watch selling signals at 3350 area to participate in the downward move till next support area which is at 3050 area.

Stay connected for further updates.

 

NICKEL :

Click here to see our previous post on NICKEL .

Price went up without generating any buying signals at the significant location of 12800.

Watch any downward pullback till 12800 area and observe buying signals on 1 H , 4 H or daily time frame to get in line with the bullish move.

Stay connected for further updates.

 

GOLD :

We got a decent downward pullback in GOLD last week . CLICK HERE.

This week we will closely observe buying signals from 1307 to 1295 area.

We remain bullish as long as price lies above 1295 area in GOLD .

We will observe buying signals in the range between 1307 to 1295 which is a strong key support area and was worked for about four times as we can see in the price chart above.

Stay connected for further updates on GOLD.

Weekly Trade Setups – 26th March to 30th March 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 

As we discussed earlier that our view towards NIFTY was aggressive bearish. CLICK HERE.

As per price action we were having a mindset to sell NIFTY after getting a pullback till around 10300 area to 10630 area.

Price came up but fall down from 10480 area which was our expected selling zone.

As seen in the above price chart their is a strong support at around 9685 area.

We hope price may test 9685 area which might be significant change for NIFTY to continue its older uptrend.

Any upside pullback till 10300 area may be a good opportunity to Sell NIFTY for the target of 9685.

Stay connected for further updates for NIFTY.

 

BHEL :

Hope most of you may have booked the profit for our previous trade in BHEL . CLICK HERE.

As we mentioned last time that short term bullish ascending channel has broken downside. Also we got a retest.

Price moved downside in our favor.

Any upside pullback till 87 area would be again an selling opportunity.

Stay connected for further updates for BHEL.

 

SUN PHARMA :

We were eager to see the price behavior at 499 area. we were expecting an opportunity that if price closes below 499 area then we can get a big downward move.

But still we hope price may close below 499 area. If it happens then after getting a retest till 499 area we will be ready to participate a big downward movement till 435 area.

Also we will work here only after getting the proper price action design.

Stay updated for next updates in SUN PHARMA.

 

YES BANK :

Price got a good downward push as we expected. CLICK HERE.

Any upside pullback till 295 area would be a selling opportunity after getting a confirmation price action selling signal at around 295 area.

Stay connected for our further updates on YES BANK.

 

GOLD :

GOLD worked in our favor almost two times from the key reversal location as shown in the above price chart. CLICK HERE.

Any downside pullback till 1325 area would be again a buying opportunity after getting price action buying signals at around 1325 area on 1 H or 4 H or daily time frame.

We remain bullish till price lies above 1295 .

Stay connected for further updates in GOLD.

 

LEAD :

We were aggressive bearish towards LEAD as we mentioned in our previous post. CLICK HERE.

Those who have not entered in selling trade for LEAD can observe a upside pullback till 2448 area to get again in line with the short term downtrend for the target of 2257 area.

 

ZINC :

 

As we can see in the above chart that price is moving in a consolidation range after performing a big selling rally.

As we mentioned in our last post to wait for a upside pullback till 3350 area.

We are having again same views that price should come up to test 3350 area and we should get selling signal for the bearish rally participation.

Stay connected we will update as the situation comes.

 

ALUMINIUM :

Ideal short selling trade set up was created in ALUMINIUM on 14th March 2018 as we have shown in the above price chart.

Short positions can be created if price pulls up near 2112 area with a stop loss of 2127.

Ideally this trade has already executed on 15th March 2018. Remember if price pulls up near to 2112 area then only blind short entry can be done with a stop loss of 2127

 

NICKEL :

As per the price action seen in the above chart NICKEL is arriving at a crucial area to watch for signals at 12802 area.

We will stay away and watch how price reacts at 12802 area.

We will update if potential situation arrives in NICKEL.

 

CRUDE OIL :

CRUDE OIL moved aggressive bullish as per our expectations. CLICK HERE.

We can find any buying signal on 1 H or 4 H time frame till the price lies above 60 $ area.

Watch for any downward pullback till 63 $ area to rejoin the uptrend.

Stay connected we will keep on updating the further possibilities.

Please Note

Please Note :

Price Action Research Reports  will not be posted from 14th March to 25th March.

Members area weekly studies will be continued posting from 26th March 2018.

All members subscriptions will be extended accordingly.

Thank You.

 

 

Regards

Team Tradingstyle Mumbai

 

Weekly Trade Setups – 12th March to 16th March 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 Pharmaceutical Industries Ltd :

Longer view in SUN PHARMA seems to be in downtrend as seen in the price chart above.

Price is arriving at a very crucial zone of 499 area.

We are closely observing the area of 499. we are eager to see the price action at this area.

If price fails to hold 499 and close strongly below it , then we can expect a big move downside till 435 area.

If price closes below 499 then we will enter short after we get a retest at 499 area.

Lets watch how price behaves here.

We will update as the entry situation creates. Stay connected.

 

BHEL :

 

We have posted the trade set up for BHEL last week . CLICK HERE.

We observed on Friday price came up to retest the 90 area.

It failed and closed down forming a bearish pin. Pullback was not exact till 90 area.

Short Entry can be created in BHEL till price lies below 91 area.

91 would be an appropriate stop loss for this trade and expected target would be 77 or else trailing stop loss can be used to get maximum profit if it works.

 

LIC Housing Finance Ltd :

LICHSGFIN moved downward as per our expectation. Please CLICK HERE to see our previous post.

We are again interested to repeat the same situation which has happened.

536 to 543 will be our next observing areas to get sell signal to rejoin the downtrend.

Lets watch if we get a upside pullback till 536 to 543 area to get in line with downtrend.

stay connected for next updates.

 

Reliance Industries Ltd :

Hope most of you may have booked huge profit in RELIANCE INDUSTRIES in our previous trade.

We have consistently booked two big rallies in it. CLICK HERE to see our previous post.

Now it is the time to stay away and observe how price action folds next.

We have marked the potential trading location in the price chart above.

Price is moving in a side way structure making equal highs and equal lows,

Now our focus areas will be 958 which is equal high area or else we will focus on 868 area which is equal low area.

Take a holiday till the above mentioned area arrives.

We will update next possible situation.

Stay connected.

 

YES BANK Ltd :

YES BANK was our most rewarding trade for last week . CLICK HERE.

Hope most of you have participated in this trade.

Now it has arrived at support location.

But still we don’t have buying views at this stage in YES BANK.

We will be interested to find again the same situation which has already happened.

It means we are in a mood to sell the strength till 329 area.

we will observe a upside pullback till 329 area to get short in it.

We will update our next price action views in it.

Stay connected.

 

HDIL :

We were expecting a big move in HDIL as we mentioned in our previous post.  CLICK HERE.

We got a decent downward move last week starting from 47 to 40 area which is a big reward compared to the risk.

Hope most of you have boarded this trade. Those not entered in this trade can take one more chance if price rotates up till 47 area,

Wait and watch if we get a retest till 47 area.

Observe selling signal at 47 area. to rejoin the downtrend.

Price is expected to move more lower till 24 area as seen in the price chart.

Finally wait and watch if we get a retest at 47 area,

Stay connected we will update accordingly.

 

SILVER :

Hope most of you have boarded the long trade in SILVER . CLICK HERE to see our previous post.

We got good reward for our recent winning trade in SILVER.

SILVER has given the second opportunity for us to again rejoin it.

Those not participated in it can still get long in SILVER on Monday or else find buying signals on 1 Hour , 4 Hour to rejoin the long position in it.

We are still bullish in it till price lies above 16.150

Any close below 16.150 will temporary nullify our buying views in it.

 

GOLD :

GOLD also was a good rewarding trade for us . CLICK HERE to see our previous post.

Those not participated in GOLD trade can still get long in it on Monday or else find buying signals on 1 Hour , 4 Hour to rejoin the uptrend.

GOLD has also given the second chance to enter it long.

We remain bullish till price lies above 1295 .

Any close below 1295 will change our buying views.

 

CRUDE OIL :

CRUDE OIL also moved as per our expectation last week . CLICK HERE.

This week again we can go long in it till the price lies above 60.10 $ or else find buying signals in it on 1 Hour , 4 Hour time frame to go long in it.

We stay bullish for CRUDE OIL as long as the price lies above 60.10 $

 

ZINC :

It can be clearly observed that price has fallen down aggressively last week as seen in the above price chart.

This week as per price action we have changed our selling views for ZINC .

We are eager to see a upside pullback starting from 3350 to 3438 area to go short in it after getting price action selling signal.

We will observe clear selling signal in between 3350 to 3438 area to participate the bearish rally downside till 3050 area.

If we get selling signal after a upside pullback , then this trade may be a big reward winning trade.

Just wait and watch for the opportunity in ZINC.

We will update if we find any potential set up in it.

Stay connected.

 

LEAD : 

LEAD also has fallen down aggressively last week as we can clearly see in the price chart above.

This week we have mind set to get a upside pullback starting from 2400 to 2515 area , to go short in it after getting clear price action selling signal.

We will immediately post if any potential entry arrives for LEAD.

Stay connected.

 

NICKEL :

Price has almost reversed from its flip support area. CLICK HERE to see our previous post .

Buying signals should be observed at around 12790 if price we get a downside move till 12790 area.

Without testing 12790 area price has been reversed aggressively.

Waiting till recent multiple affected zone till 12790 may be a good decision.

Stay connected for further updates on NICKEL

Trade Setups – 8th to 9th March 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 the recent sideway structure and closed strongly down as seen in the above price chart.

Now it is arriving at a key support area which is seen at around 10060 area.

But we have bearish view towards NIFTY as per the price action created in the above price chart of NIFTY.

we will watch upward pullback till around 10300 area which may act as flip resistance.

As per price action we have a mindset to sell NIFTY after getting a pullback till around 10300 area to 10630 area.

So just relax and wait for the high probability setup for NIFTY.

As soon as we get any potential signal in it we will immediately post it.

Stay connected for further updates for NIFTY.

 

BHEL :

Following is the weekly chart of BHEL Cash Market

We can clearly observe that BHEL is moving in a short term  bullish ascending channel in weekly chart as shown above.

Yesterday channel support has broken as seen in the price chart above.

Now we are interested to see a retest at around 90 area.

Aggressive traders may take a blind short entry at around 90 area. While taking a blind entry always remember if price closes down then we can carry our trade. But if price is unfavorably closing up at the time of market close , then book the loss and exit the trade.

Or else conservative traders may wait for the clear signal on one hour , four hour or daily time frame.

Stay connected we will update accordingly.

 

GBPINR :

Price seems to be aggressive bullish for GBPINR as seen in the price chart above.

Since from last couple of weeks we are very eager to get buying opportunity in it.

Without losing our patience we are still watching an opportunity to get a high probability trade in it.

This week as per price action we have a mindset to take a blind long entry at around 88.50 area.

Stay connected for further updates in GBPINR

Trade Setups – 6th March 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

COPPER :

Copper is moving in a complex side way range since from last few months as we can clearly see in the above price chart.

Also we can clearly see a indecisive price action from past three days.

Also price has rejected the downside movement yesterday as observed in the price chart above.

As the price is arrived at previous support location and also we got slight bullish rejection at this area.

We can trade this situation towards upside.

Long position can be created at around 3. 1370 area with a tight stop loss of 3.0945

Expected target should be twice than the risk or stop loss trailing may be more preferred.