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.

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