Sell copper near ₹ 727 with a Stop Loss of ₹ 731. I analys Indian commodity market on a regular basis. I just earned 4800 points in SilverM, 2400 Points in GoldM and 240 Points in Crude Oil, however i wrongly entered in short position in nifty that made me some losses. But i believe losses are part of good trades.
Technically Sound to go up at bottom of Uptrend channel. Oversold past few months. Buy only after huge Demand and Retest around 300. Fundamentally, Good outlook to produce profits as Crude oil shipping has seen increasing demand with backbone of Manufacturing requirement output higher than 2020. Risk Within your apetite only!
GAIL is an uptrend currently near bottom of Elliot wave. Technically looks strong for an upward move upto 175 Strong Support around 145 would also let some time to kool off RSI OverBought for Jump seen during Results. Fundamentally, GAIL has 85% of its revenue for Natural Gas Trading and Transmission/Distribution. With Natural Gas making higher highs of above...
Swing trade Setup in MCX! for mid term with 15% gains. Volumes picking up. Massive flag breakout on weekly time frame. Successfully Rested the breakout levels. Fundamentally strong. Buying level - 1575-1605 Target - 1575-1605 Stop Loss - 1574 Targets are based on charts. Disclaimer: Chart, data and levels for study purpose only. I am not a...
We can see a double bottom in 1 hour . we can expect the price to be moving above forming a ' W ' pattern . we can expect the price to be going above 665. But there is still a little chance of the price bouncing back at 643 resistance if it bounces then there is chances for the price to drop till 593
Nifty Head and shoulder Pattern found in Nifty in 1h chart. Sell with sl 15925. sell below 15800. i calculated target 15300. Trade with care and do your own research before take the trade. Good luck all.
As you can see in the chart - stock has given a breakout with increased volumes. 23.6% fib level from the previous swing is also near the retest level. At the retest look for massive rejections of lower levels or double bottoms or inverse head and shoulders. NSE:MCX
HCLTECH has been consolidating in the range since the start of the year. It is showing great strenth with great volume on daily and RSI crossing 60 on the weekly after 3 months. Watch out.....
TATA CHEMICALS HAS GIVEN A REVERSAL WITH BREAKOUT, IT CAN BE AN EXCELLENT BUY BELOW 750,740 AND IS CAPABLE OF GIVING TARGETS OF 800, 830++. GOOD FOR SHORT AND LONGTERM AS WELL.
We can see an upmove in Bank Nifty, to the tune of 36500, in the coming days. The index has closed above the downward sloping trendline for the first time yesterday.
Hey everyone. Another successful trading day has passed. Only a couple of trades we taken as forecasted in previous posts. As you can see we have finally broke the 4hr lows which ive been calling for a while and we traded according Closing all positions a few hours before the big news came out. We cut our trades prior to news as i dont want or need random news...
Hey everyone. not much has changed since yesterday besides the fact we took a bunch of nice trades. See image. The forecast is still the same and trades will be taken according. Expecting price to break the 4hr swing. Due to the fact we are sitting at a HTF demand area we could spring up further before hand so like always im remaining neutral. Another thing i...
you can learn from others' experiences is the key in the stock market.
Gave a massive breakout. It is not wise to jump into the trade right away since SL will be huge. Traders with FOMO can add 30% of their usual allocation at this level and add more if there is retest of the previous resistance zone. Tgram: Stocks 101
As you have seen that there has been a breakout with a volume burst. So keep calm and observe before entering.
As seen in the chart, this stock had a massive breakout(as predicted by me earlier!! chart of that prediction is linked below). Whenever a stock price goes up, usually it comes down 50% of how much it went up, so i expect this stock price to at least go to the 0.3 Fibonacci level that is 733 and on the maximum reach our weekly support level which is at 730. Also...
As you can see in the chart, the path it has been following(yellow colour) depicts downward moment for this stock. Also the rsi indicator shows bearish divergence on the four hourly timeframe that is higher high on the rsi but lower high on the stock price hence looking bearish to me. Also it looks like the stock is forming lower highs and lower lows recently...
As you can see in the chart, the stock has found support at the 0.6 Fibonacci level and the golden ratio. Would expect it to follow either of yellow or the white path. My price prediction would be around 2007(the white rectangle in the chart)for this stock, to be hit in a few days