anshuman_05

anshuman_05

The stock has formed a bearish head and shoulder reversal pattern on the daily time frame. The momentum oscillators are also at the extreme and there is a negative divergence which has developed. The neckline of the pattern has already been breached and the Next support is only around 5000 levels. All in all it is an excellent short setup.

anshuman_05

A very nice and bullilsh pattern has formed in Asian paints at a support level. This is the classic head and shoulder pattern and the price is just breaking out from the neckline. The target is the depth of the pattern but it is possible that we see a lot more rally. In what has been a weak market it is good to see a bullish breakout.

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Aussie has been in a downtrend and the dollar index has formed a bullish pattern and is trading above the key levels. We are now looking at the consolidation in the aussie and it looks like the consolidation is merely a bear flag from which a downside break is more probable.witht he dollar index forming a inverse head and shoulder pattern and the aussie forming a...

anshuman_05

Silver is at the support after a strong breakout. This is a good support level with the oscillators also at the mean and we can get a resumption in the uptrend from here.

anshuman_05

The chart has the key level marked out. 85.70 will be a great level to short the commodity. The trend remains down though we have now reached a support and also the oscillators are oversold which will lead to some mean reversion. So best to wait for the level to be reached on the bounce and then short sell the commodity.

anshuman_05 Updated 

The 200 MA and the key pivot levels are all aligning. This also looks like an inclined head and shoulder pattern. The level marked on the chart is a very important level and as long as the market is below the level we expect the selling pressure to continue on the commodity.

anshuman_05 Updated 

The 200 ma is sloping down which is clear evidence of the downtrend. The 50ma is also below the 200ma further confirming the downtrend. This looks like a bounce in the downtrend. There is a key pivot level which the commodity is approaching now. This will be a good level to sell from a technical perspective.

anshuman_05

The chart is annotated. Copper is at a good support with the oscillators oversold. Looking good for a bounce from here.

anshuman_05

Looks like a great breakout in the indian hotel counter which is already in an uptrend. Good chance that we continue to see the upward momentum as the stock is breaking out from another continuation pattern which has been marked as a rectangle.

anshuman_05

This is a head and shoulder reversal on the hourly chart. Classic pattern. The 50 ma has also just crossed below the 200 ma and the prices seem to have broken below the flag which was being formed. The oscillators are near the mean which increase the probability of a downside thrust in the pair.

anshuman_05

Pretty simple chart which shows the flag pattern being formed in the natural gas. It is just breaking out. Looks like there is a lot more to come in this commodity. This is also after forming an inclined head and shoulder reversal on the hourly timeframe. Makes it a high probability setup to trade.

anshuman_05

Pound has broken above the supply zone after forming a rectangle bottoming out pattern. It sustained above the supply zone and has also rallied from there confirming the change in trend. It is now re-testing the 200 period moving average on the hourly charts with the momentum at the mean. With plenty of support and the MA being here it looks like a good entry...

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Crude oil is forming a slightly inclined head and shoulder pattern but it is still a clear pattern. The target is quite low as measured from the pattern. There is a small support before the target and that is the place where we can get some halt which is around 6334. But apart from that the target aligns nicely with a support level from where we can expect a good...

anshuman_05 Updated 

gold is at the neckline support of the head and shoulder pattern and also the 200 period moving average on the hourly timeframe. Both of them together form a substantial support here for the commodity and we can expect some bounce to come intraday from this level.

anshuman_05 Updated 

The commodity is breaking out from the head and shoulder reversal pattern on the hourly charts. The chart is self explanatory, trend which one can ride for a while.

anshuman_05

Head and shoulder is a reversal pattern which is one of the most reliable chart patterns that a trader can trade. Here gold has completed the breakout from the reversal pattern and this is happening after a considerable downmove. This is perhaps the start of the rally for the next one week or so.

anshuman_05

Breakout from flag pattern in an uptrend, excellent pattern to trade. There is also not much resistance nearby and good floor to use as support.

anshuman_05

the pair is trading above the key support level after breaking out from a continuation pattern. The uptrend is fairly well established, the breakout has taken place after a good consolidation and now we have a re-test of the breakout level. This makes it a good entry point to enter the trend and ride it for as long as possible.