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.

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