MCX
DON'T MISS THE OPPORTUNITY IN GOLD
TARGET = 50,700
Clear Trendline and soon it will break
Gold Price Will be more DOWN once Covid-19 vaccines comes out fully .
Have a selling mindset in gold even after vaccines comes to INDIA .
Silver MCX falling| Will it fill the Gap? MCX Silver had a steep fall on 11 Aug 2020.
There are two gaps at 57k and 54k .
Fib retracements show them amidst possible entry level.
BUY GOLD----- 15MIN chart 1. Ascending triangle formation
2.wait for breakout & retracement
3.soon fly upside
Natural Gas: Head and shoulder1. Head and shoulder spotted in 2 HR.
2. wait for the breakout
3. enter on the breakout
4. If any divergence exist at the neckline, probability of rejection becomes higher and be cautious and prepare for the rejection trade!
5. IMPORTANT: current month is expiring today and the new month if priced in the current month chart, already above the neckline!
The new month contract's chart:
Nickel: a head and shoulder: breakout or reject?1. IF breakout, trade on the short side using the high of the breakout candle as SL
2. IF the neckline is rejected and there exist a bullish div in 2HR chart, take a long position on the next candle on confirmation of the rejection
Multi Commodity Exchange - Ascending Triangle breakoutNote: This is for educational purpose only.
There seems to be an ascending triangle breakout with good (not high) volume. RSI shows overbought, hence, the price might re-test the resistance turned support line. Can buy on dips till 1400.
SILVER: Head and shoulder trades1. spotted head and shoulder
2. draw your neckline
3. enter on breakout of the neckline
4. incase you missed, re enter on the retest of the neckline
5. draw your target
6. book profits near the target
Synergistic Pattern: Advance (W+Flag) + Triangle + Cup_HandleLevels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
Kindly like & share this pattern. Comment with what do you think.
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Early entry: 1340
SL: 1275
Target: 1560
RR: 3.15
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Bearish Bat in MCXGOLDXPRZ - 16200-16225
SL 16350
Target 1 - 16050 , Target 2 - 16000, Target 3 - 15935.
Gold: wait for an opportunityThere are two ways this can go!
1. Daily chart breaks the support and falls (after a retest probably)
2. daily chart takes a support from here where 2 HR there should exist a bullish divergence in the MACD histogram and should start going up!
Points to note: Weekly chart has a bearish divergence and daily chart also has a bearish divergence! So probability of this falling (read daily chart arrows) is more!
Natural Gas MCX NG buyers are getting activated and they may push the price as shown in the highlighted areas ,before the pull down to the final leg towards downside completing WXY pattern.
The game of supply and demand : distribution and accumulation
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I can with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS.
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we can see the structure of distriibution and accumulation.
it's the part of wick off theory.
(i) accumulation shows more demand then supply and more buying presure.. means it shows more buyers or bulls
in market comparing to bulls.
(ii) distribution shows more supply then demand and more selling presure.. means it shows more seller or bears
in market comparing to bulls.
Gold Mini MCX * Strong support in CMP zone .
* Risky player can go for long to high resistance sell point with SL of 47630
Have a profitable day
Aadhan trading
HDFCBANK 15 min trend intrday setupthis analysis is completly based on 15min trend line with their support and resistance.
Crudeoil long we can for intraday basis long from hear .. if it comes down more avarage at 2995 ...
Have a Profitable day
Crudeoil long Now we are in our way of positional target 3048 & 3131 ... yesterday new high 3033... so we can hold for the targets ...
This chart is for intraday basis ...
