looks like that zinc is forming a symmetrical triangle when pegged to the dollar, after a long downtrend there is a strong possibility that the commodity now breaks out on the upside.
Natural gas has formed a reversal pattern on the hourly charts and is now breaking out above the resistance level which can set the stage for a sharp rally in the commodity.
Copper has just crossed above a key pivot level on the hourly time frame. This levels has been tested on both sides as support and resistance earlier and hence it is an important level. The next level is roughly 2% away, thus it is logocal to think that we can get a rally of roughly 14 point in copper in mcx from here. The mcx copper is at 731 and hence the target...
Copper has just crossed above a key pivot level on the hourly time frame. This levels has been tested on both sides as support and resistance earlier and hence it is an important level. The next level is roughly 2% away, thus it is logocal to think that we can get a rally of roughly 14 point in copper in mcx from here. The mcx copper is at 731 and hence the target...
The midcap index has broken out from a consolidation patterns and has made all time highs, this is generally a very bullish development and we will perhaps see a lot of the stocks in this universe break out as well.
A short video on the gold and silver after the fall yesterday and looking at the longer term time frame to understand the key levels. Gold has been the worst performer while the rest are actually looking bullish. Silver has been outperforming gold and that is something that we need to be aware of as it is also used in the industry. Overall the base metals and...
Natural gas is trading above resistance levels and using the key levels we can say that the longs now with the stops below the key pivot level of 2.3000 will work out well. Target can be around 2.4300 for today as that is the next resistance level which has held earlier as well.
Gold has broken above the resistance and has also formed a nice continuation pattern which places it in a good position, high probability that we get a nice rally from hereon in gold as it is also quite oversold on the hourly timeframes and also has rejected the lower levels several times
Gold is at a big support level, and with oscillators being oversold. There is a very good chance that we see a bounce you. Please note this is not investment advice.
Breakout from a pretty good consolidation. Also a very good pivot level from where the break has occurred. Next resistance at 150. Not investment advise
Breakout from inside bar on the daily timeframe with the oscillators extremely oversold
Natural gas is formed a bullish divergence and it is now bouncing up after forming selling climax on the hourly time frame. The commodity has the next resistance at 289 and that makes it at around 15 points on the upside as the target which will be the first target, there is every chance that the commodity could continue to rally a lot higher if it takes out that...
High Volumes and Long range bars while breaking out from the accumulation pattern. Can be bought with stop below 57
On a long term timeframe HBLPOWER is breaking out from the FLAG and also a small penant. Could be a good winner
Breaking 200DMA and bear channel and forming a long range candle. Looks very Good
BPCL is at a pretty good support level and also forming a bullish candle. The correction has been slow and we can expect the prices rally to the upper end, around 628.
Counter has broken 200 DMA convincingly, along with major support zones. These will now start acting as major resistance. With the overall bearish sentiment persisting in the market the counter could further weaken to 800 levels. The short sell should be initiated only on a pull back to ensure decent risk/reward ratio can be achieved.
MACD giving a positive divergence and Gold is also looking oversold in terms of the distance from the 200DMA. Good chance that we get a solid rally. Good mean reversion at play here.