Crude oil strategy explained Crude oil Go long In HindiHi guys this is Trader Kanishk
In this analysis
I have discussed a very effective strategy for crude today
watch the entire video and go for this
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Commodities
Nifty /Gold / USDINR - The Important Juncture Thanks from Bottom of my heart to "Sir John Murphy" for giving us such a wonderful book on Intermarket Analysis - "Profiting from Global Market Relationships"
Special thanks to my friend & follower who wrote - Think beyond Red & Green Colours. I would love to have your comment once again here in this idea as well.
Wish You all a Happy & Colorful Holi
This video idea talks about long term outlook on various asset classes such as
Gold
USDINR
Nifty
& get some clue for these asset classes.
Starting with last stock update - Indusind Bank which was published in Jan 2020 & suggested the fall from 1565 to 1050 - all targets were done & stock touched the channel bottom at 913 lows. Kindly check the idea below
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Indusind Bank - Never miss channel bottoms
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USDINR Ideas
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24th March 2019 Idea - USDINR - The Box Match at 69
10th Jan 2020 Idea - USDINR - The Next Path (Holding 70.35 - Expect 72.25 & 74.50
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Gold Futures
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17th Sep 2018 Idea - Plausible 1350-1375 Zone
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India Nifty
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29th Feb 2020 Idea - Nifty (India -Buy & Hold) - C-Wave or Corona Wave - What Next ?
12th Jan 2020 Idea - Nifty - Stellium Effect - How I cracked the top at 12295
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Thanks for checking the idea. Wishing you all once again a happy holi -
Nifty - Magical Charm (Totka) @11320Totka used in Idea is called Reverse Fibonacci
Using the previous leg & measuring its 138.2% gave us the top 11117 - can we get the top again at 11320- no confirmation yet so only risky traders to take sell in 11300-11320
Note - Going above 11320 ( Sell call is negated - close all sell positions & out)
Trading Strategy
Plan A - Sell below 11265 on closing basis as discussed
Plan B - Risky Sell close to 11300-11320 zone with stops above 11325
Downside Target
11000-11025
Below 11000 - 10940
Below 10890 for 10750
Below 10730 for 10620
Only further selling if double bottom@10585 gets broken
Gold - Golden Triangle Journey- 2018Trading Strategy
Plan A
Resistance in 1275-185 - Look for pull back zone 1250-1255 $ Range
Plan B
Once 1250-1255 $ Range Holds then look for Buying opportunity for 1275-1285 $ Range back
Plan C
Moving above 1285 $ mark & holding above 1285 -look for upside target 1300 $
Plan D
Moving above & holding above 1300 $ mark -look for 1350-1375 $ target range which was expected in tha last published idea.
Also, If you get time -do visit the three places which appear to be golden triangle on India Map- Delhi , Agra (Taj Mahal) & Deserts of Rajasthan and explore more about Indian History.
Humayun's Tomb (Delhi)
Taj Mahal (Agra)
Jama Mosque (Fateh Pur Shikri)
Hawa Mahal (Jaipur)
Wish you once again Merry Christmas & Happy New Year 2019
Thanks for watching the video and your precious time.