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.

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