Oil is forming a triangle on intraday time frames. Looks like a good opportunity to trade range breakout today. Prepped-up for both long/short opportunity with a Stop & Reverse strategy.
MCX looking weak on charts and looking to go further downwards . Earnings of MCX were bad and Q1 profit declined by 72 % .Short position on MCX can be taken taken once it breaks 790 with a stop loss of 820 .
MCX has gained 5% of NSE with thrice its average volumes Kijung and Tanken above ichimoku cloud and stock trading above all of these with positive bias. Seems to be heading towards 895. Buy MCX on NSE around 833 with Stop-loss of 797 and Target of 895
i am bullish in the counter looking at its different time frame
Pls see the chart. Indicators are slowly turning to positive. Can expect the target range in mid term Vijayaraghavan, Kovilpatti.
would probably go long at these levels keeping a strict sl @ 710 !!!!
Short Copper at CMP ($2.680) SL: $2.689 Target: $2.64720
I guess this is My first post on UsOil in Indianversion... At resistance wait for bear signs & Go short, We are aware how volatile commodity markets are, Risk is yours !
Talking Points: Technical Strategy: Bearish Elliottwave Count: Either wave (C) continuation or B wave of (B). HTG Note: Larger outlook on weekly chart is showing weakness on long and short term. EURO vs Indian Rupee price is testing weekly trend line. Last time this line was tested on September, 2015 and post that we seen nice pullback towards 77.80...
TVC:SILVER CMP - 17.018 Here, I have drawn the important lines. Now trade their support, break and retest. Have a specific strategy of position sizing and stop loss which suits your trading plan . Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2 days. Note : This is the...
Hi Guys, Its time already to post for Nifty but I'm still typing the content here, Sorry for the delay. Today we got 3 points to discuss, (i) Nifty analysis (ii) Farmer's who Trade (iii) Corporate News events & how they hustle your money ! (i) Nifty analysis : Actually I expected Nifty to move in channel shown above but it gapped up. Anyway, being...
Copper is a buying opportunity upon 50 to 61.8% fib retracement levels around 2.085 levels with stoploss just below 2.06 for targets of 2.15 / 2.20. This could turn out to be a correction or the start of a new rally.. Price action would give more details. Happy Trading!!
As per Daily chart, the price action is consolidating in a symmetrical triangle. Showcasing Lower Highs and Higher Lows. Enter at Breakout to gain best out of it.
CrudeOil would continue going higher till 47.30 levels where it would complete Wave A = Wave C if its a 3 Wave ABC correction and probably start correcting from around those levels and go lower.. If its a 3rd Wave then we might see CrudeOil keep going higher and test the 50 levels again. Details are on the chart. Happy Trading!!