anshuman_05

anshuman_05

Gold has been in an uptrend on the daily timeframe however, due to the sharp rally in the dollar index over the last two weeks we have seen some pull back in the yellow metal. On the two hour timeframe gold is right now at a good support level and is also having the momentum oscillators oversold . There is a good chance that we see the assumption of the uptrend...

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Natural gas has been in an uptrend on the daily charts for a while and after some correction on the daily time frame it has broken put from a head and shoulder reversal pattern on the hourly time frame. It is now re-testing the neckline support. This is a great entry point for a long in the commodity to capture the trend on the longer term time frame with a...

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Lupin has broken out from a flag pattern on the daily time frame. The stock has been in a continuous uptrend and after a brief consolidation it is making new highs the volumes on the breakout are also good.

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IT Sector has been outperforming for a while now and co-forge after being a laggard has caught up well. It it now breaking out from a flag pattern which is another bullish sign. There is a good chance that the stock starts another leg of up move from here.

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Zinc Mini is now retesting the neckline of the head and shoulders pattern. It is now again starting another leg of down move which could take it much lower given that the oscillators are already in the over-bought zone on the higher timeframes as well. Could be a potential short selling point

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The stock is in an uptrend and had broken out of a consolidation pattern. It is now re-testing the breakout zone and is bouncing from there. Looks like the uptrend is going to resume again in the stock and this could be a good entry with the stop loss below the pattern low.

anshuman_05

1. Zinc has come to the daily supports. 2. Same level which was the resistance previously on many attempts and hence we are now likely to see that level turn into support.

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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.

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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.

anshuman_05 Updated 

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...

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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.

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

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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.

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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.