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.

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