My analysis today deals with how the further course of our most popular precious metal "GOLD / XAU" could look like.
For this I have carried out a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month - week - day) and thus makes the big picture visible.
Normally, all time units below "1h" are called noise, but even a - 1h-4h - analysis is of...
Summary
► DTF is in area with "BEARISH HAMMER", which infers "sellers dominant" bias".
► Pivot analysis infers TRADING RANGE bias.
► CPR is in "LOWER VALUE WIDE RANGE" relationship.
► Support levels 15605/15578
► Resistance levels 15778/15735.
FII have sold total of 18300 crores in total for this month. SO, my suggestion it would be better if we take short...
Summary
► DTF is in area with "MARUBUZZO", which infers "sellers dominant" bias".
► Pivot analysis infers TRADING RANGE bias.
► CPR is in "LOWER VALUE WIDE RANGE" relationship.
► Support levels 15696/15656
► Resistance levels 15793/15778.
Don't rush into taking trades. since, its trading range day. wait for extra confirmation.
Most of traders make money on...
Summary
► DTF is in area with "Bearish Doji", which infers "sellers being dominant" bias".
► Pivot analysis infers sideways/breakout bias. But, ADR is pretty high hence, big whipsaws are possible, but one sided moves are of low probability.
► CPR is in "UNCHANGED VALUE" relationship, which suggests breakout or sideways tomorrow.
► Support levels 15735/15700
►...
Summary
► DTF is in area with "Bearish Hammer", which infers "sellers being dominant" bias".
► Pivot analysis infers TRENDING DAY bias and ADR is below 0.50 which suggests high probability of TREND DAY.
► CPR has "narrow range LV" relationship, which suggests breakout tomorrow.
► Support levels 2332/2319
► Resistance levels...
Summary
► HTF is in uncharted area with "Pin bar", which infers "highly negative" bias".
► I believe sellers are still dominant. Nifty heavyweights Reliance and ICICI earnings are mixed, hence be cautious.
► I am repeating what I said on 14th July. " Market in DTF market is moving sideways which infers STAGE 3 as per Stan Weinstein methodology, which means all...
1. V- Guard has consolidated for month and half in 250 - 270 zone and it's now in strong support zone.
2. It's also above 200, 150 and 50 EMA which shows good trend.
3. ADR is contracting significantly, which shows an impulse is pending soon.
4. 16th July has inside CPR with contracted CPR, which infers a high probability of trending day.
5. Also, since many...
Summary
► HTF is in uncharted area with a Bullish candle, which infers "Positive" bias". If sellers can push market below 15760 then we may see sellers upper hand, else Bulls will take control.
► Pivot analysis infers TRENDING DAY bias.
► Support levels 15895/15858
► Resistance levels 15941.
► If market can hold off tomorrow and close above 15850, we may see...
Summary
► HTF is again is crucial demand zone. DTF has a "Bullish Doji" candle, which infers "Positive" bias" but, we may see loss of momentum hence, sellers/buyers will fight it out.
► Pivot analysis infers Trading Range DAY bias.
► Support levels 15793/15735
► Resistance levels 15895/15850
► We are in sellers zone, expect it to be closely fought area. Unless,...
Summary
► HTF is again is crucial demand zone. DTF has a "Hammer" candle, which infers "Positive" bias".
► Pivot analysis infers Trading Range DAY bias.
► ADR levels are below 0.50 hence, it infers trending day but, CPR width is not encouraging. So, be ready for double distribution day or mild trending day.
► Support levels 15793/15735
► Resistance levels...
Summary
l HTF is again is supply zone. DTF has a "WRC" candle, which infers "Positive" BIAS".
l Pivot analysis infers TRADING RANGE DAY bias and due to overlapping wide range CPR.
l 15916 to 15885 is a resistance level and any weakness at this zone should be a selling opportunity.
l Support levels 15793/15735
l Resistance levels 15916/15879.
l Market is moving...
Use this in conjunction with trading plan I publish everyday.
We are in a 15735 zone from where market gapped up, hence we can expect reversal else a further fall. So, don't rush into trades.
