Reason: Same happened before. (In recent impulse and correction wave). Timeframe : As marked by the Arrows for both long and short
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...
MCX will give a short breakout Below 1238.30 it can go to level Downside level till- 1225/1216/1205 Upside safe line- 1250
MCX will give a long breakout above1240.30, above 1240.30 it can go the level 1259/1280 if do not break the level 1230 on downside.
Gold (26.09.2016) is trapped in triangle range for more than 12 weeks now. However the movement could be considered as consolidation after a big run from $1040 mark. Gold again approaching to the upper descending trend line & this could be the final final move. A break above $1348-1350 area will open door for $1375 mark initially. Tip : Buy above $1350 mark for...
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!!