Weekly Trade Setups – 8th January to 12th January 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

 

RELIANCE COMMUNICATIONS :

As we projected in our previous post that we have to focus on flip support area. CLICK HERE.

We have seen price almost reversed from 28.50 area.

Any downward rotation of price till 26 area will be a buying opportunity if we get price action buying signals at around 26.

We can observe price action buying signals in 1 H , 4 H or Daily time frame above 26 area to rejoin the uptrend.

Our view for RELIANCE COMMUNICATION will be bullish till price lies above 26 area.

 

SUN PHARMA :

We have already identified the wedge breakout structure in SUN PHARMA . CLICK HERE

We have seen that Price reversed from flip support area.

We can watch any 1 H , 4 H or Daily price action buy signals till 555  to 540 area which becomes a flip wedge support area.

Our view will be bullish till the price lies above 500 area.

 

HINDUSTAN PETROLEUM CORPORATION LTD :

 

We have already projected the key location for HPCL.  CLICK HERE.

This week we will closely observe price action buy signals at key zone of 388 to 398 area.

Blind buying entry also can be done at this key location. But remember if price goes in reverse direction and if it is closing downside then we have to exit the trade same day by accepting the stop loss.

Or else observe clear buying signals at this key location. Even we can see 1 H , 4 H time frames to see clear buy signals to get long.

Lets see hoe price folds here at 388 to 398 area.

Stay connected for further updates.

 

YES BANK :

 

We have already identified clear side way structure in our previous post for YES BANK. CLICK HERE.

We have already discussed that this breakout can be traded in early stage also at around 320 area with a small stop loss of that days low.

We got a big bullish explosion as expected. Many traders may have participated into this trade setup.

Those who did not boarded this trade may get another opportunity to get in line with the bullish bias by observing a downward pullback till 320 area.

We can see buying signals in 1 H , 4 H or Daily time frame around 320 area as it is a retest area which become flip support.

Our view for YES BANK will be bullish till price is above 318 area.

 

ASHOK LEYLAND :

Previously we discussed about the Key location at ASHOK  LEYLAND. CLICK HERE.

This projected Key location worked aggressively and price exploded to 128.

Almost target is arrived those who have traded this key location.

We can observe any downward pullback till around 120 to 116 area which is a short term flip support area to board this trade again.

Stay connected for further updates.

 

TCS :

In our previous post  we have identified the key location for TCS .  CLICK HERE

price exactly got reversed from the key location of 2520 to 2530 area

Price exploded to almost 2708 area.

Any downward rotation till 2520 to 2530 area would be a buying opportunity till price is above 2500 area.

 

CRUDE OIL :

 

CRUDE OIL seems to be so bullish aggressive as seen in the price chart above.

We can see a flip support area around 58 $ area .

We are eager to see buying price action signals at short term support area around 58 $ to rejoin this uptrend.

Stay connected for further updates.

 

GOLD :

 

We have seen a big bullish movement from its weekly support area as seen in the above price chart.

Previously we were eager to see whether it closes above 1310 area.

We have changed our thoughts bullish for GOLD.

We are interested to see price action buy signal at around 1296 area to get in line with uptrend.

Till 1265 area our thought will be bullish for GOLD.

Stay connected for further updates.

 

ZINC :

Price seems to be in a aggressive uptrend in ZINC as seen in the price chart above.

we will be interested at around 3250 area which is a flip support area to board in the bullish explosion.

We will wait and watch price action buying signals  at around 3250 area.

 

NICKEL :

 

We have seen that price closed above the recent resistances in NICKEL as seen in the price chart.

We will closely observe buying signals at around 12095 area.

We will wait and watch and see what creates next.

Observation area to get high possibility trade might be around 12095 area.

 

COPPER : 

As seen in the above price chart of COPPER short term key location area is seen at around 3.16847 area

We will wait and watch what is the behavior of price if it arrives at 3.16847 area

We expect price action buying signal at around  3.16847 area.

Stay connected for further updates.

 

ALUMINIUM :

 

We will be interested at 2140 area which seems to be a key location for Aluminium as seen in the price chart above.

We will stay away and see how price action folds here if price arrives at 2140.

We can see a 50 per cent healthy pullback at 2140 area as seen in the price chart above.

2140 around area will be so exciting to find a price action buy signal.

Stay connected for further updates.

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  1. […] Weekly Trade Setups – 8th January to 12th January 2018 – Tradingstyle on Projected Trading Location for HPCL 3rd Jan to 5th Jan 2018 […]

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